Bond redemptions mask strong Aberdeen equities inflow

Aberdeen has continued to see strong outflows in the second quarter, despite redemptions from its fixed income funds slowing during the period.

The firm posted a net outflow of £2.16bn in Q2, with a £2.71bn fixed income outflow overshadowing a £1.58bn inflow into its equity range. Over the second quarter, a total of £3.49bn was withdrawn from fixed income mandates, down from the £5.15bn recorded in the first three months of the year. US and UK strategies were the largest contributors to the fixed income net outflow, with £1,519m and £958m respectively. Meanwhile, Aberdeen’s property and multi-asset offerings also saw outflows, with property falling to a £140m net redemption, while multi-asset funds slumped to £887m net out...