Market strength boosts Aberdeen figures
Tuesday 27 March 2012
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.
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