Aberdeen Asset Management
] Aberdeen Asset Management
stated that investors pulled $5.23 billion out of its funds, or 3.4 billion pounds, in the three months to the end of June, contrasted with analyst expectations of 1.3 billion pounds, Reuters
reports. Those outflows mostly came from lower margin products.
also reported that total assets under management declined 1 percent to 209 billion pounds in the quarter. Reuters
writes that Analysts at RBC Markets
forecasted negative investment performance of 8.5 billion pounds but Aberdeen posted 10.3 billion pounds.
The stock fell 2.4 percent as of 8 a.m. in London trading, Bloomberg
reporter Liam Vaghan writes in his coverage of the Aberdeen outflows.
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