Aberdeen's Gilbert: No capacity constraints on Asia Pac funds

Martin Gilbert, chief executive of Aberdeen Asset Management, said there are currently no capacity constraints on the group's Asia Pacific funds, despite previously suggesting they will soon be soft-closed.

At the end of the first quarter Gilbert (pictured) raised the prospect of closing Aberdeen's Asia Pacific equity funds in the near future, admitting the group "cannot cope" with soaring inflows. However net inflows into such funds significantly slowed between April and June compared to the previous quarter, down to £744m from £3bn in Q1. Gilbert said there have been strong flows into the group's Japanese and Chinese equity products instead, which have eased capacity issues on the Asia Pacific range for the time being. "We have seen close to $1bn flowing into our Japan fund over the...