EM success drives Aberdeen inflows to £1bn in Q1

Strong inflows into Aberdeen Asset Management's emerging market debt and equity ranges have helped produce a 3% rise in the group's AUM in the three months to 31 December 2012.

Reporting results for the final three months of 2012 - the first quarter of Aberdeen's 2012/13 financial year - the group said assets under management had risen by 3.3% to £193.4bn over the period. That was bolstered by £1.1bn of net new business, compared with flat net inflows in the three months to 30 September 2012, following continued flows into its emerging market ranges. However, Aberdeen cautioned that net inflows to EM equities continue at "a higher rate than we are comfortable with", and reaffirmed its commitment to stemming flows in the area. The group's equity range saw ...