Market strength boosts Aberdeen figures

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The Independent Online

The stock market's strong run since the summer is reflected in Aberdeen Asset Management's latest figures.

Funds under management in the last two months have gained £10.5bn to £184.4bn, a reflection of rising markets, decent investment performance and investor confidence.

Aberdeen's chief executive Martin Gilbert says there have been strong flows into "higher-margin" products.

Of the £10.5bn increase in funds, £1.4bn was accounted for by net new business, with equities products seeing net inflows of £2.5bn.