Aberdeen outflows slow as Standard Life merger looms; Groups agree £35m retention bonus pot for star managers - report

'Improving sentiment towards EMs'

Aberdeen Asset Management has reported outflows reduced to £2.5bn in the first three months of the year, while reports over the weekend suggest £35m has been set aside by the group and Standard Life to retain key managers following their proposed merger.

This morning in its half-year report, Aberdeen reported net outflows of £2.5bn in the first quarter of 2017, a marked slowdown from net outflows of £10.5bn in Q4 2016. However, this still means the group has reported 16 quarters or four years of consecutive outflows. Aberdeen said the reduction in outflows was a result of "improving sentiment towards emerging markets", with chairman Simon Troughton noting the group's EM equity and bond strategies saw £800m of net inflows during the first three months of the year. In addition, the group's multi-asset diversified growth strategy has att...