Aberdeen Asset Management has seen assets under management fall in the second quarter of 2012, after it deliberately curbed inflows into some of its most popular emerging market equity funds.
AUM in the three months leading up to 30 June 2012 totalled £182.7bn, 1% lower than the £184.7bn reported on 31 March. Martin Gilbert, chief executive of Aberdeen, said the reduction in AUM was largely due to the firm's deliberate attempt to slow flows into its behemoth Aberdeen Global Emerging Markets Equity and Emerging Markets funds, which it announced in February. The two funds hold around £11bn in assets in total. At the time, the group said it wanted to avoid total closure and allow small investors to continue with regular monthly savings plans. "We have seen a welcome sl...
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