Aberdeen shares suffer as UK market continues to sell off

Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.

The stock fell as low as 360p at one stage, although it recovered marginally to trade at 365p (off 3.6%) by 11:15am. Over the past six months, the share price has declined by 19.5%, with investor concerns rising due to the firm's high exposure to emerging markets. However, while its share price has pulled back following an impressive run higher for many months, a number of investors are taking advantage of the declines to add positions in the group to their portfolios. A recent note from Shore Capital's research analysts Owen Jones and Gary Greenwood said the consensus on Aberdeen ...