Aberdeen Standard Investments sees wholesale outflows halve; Integration 'making good progress'

Completed merger in August

Aberdeen Standard Investments has reported net outflows increased by £1.5bn to £16.4bn for the nine months to 30 September 2017, in its first set of results as a combined entity, although wholesale outflows have halved.

The institutional channel saw an increase in outflows of £4.5bn to £14.9bn, where the group said "market conditions remain challenging" but this was partly offset by "a £3bn improvement in outflows from its wholesale channel" where net outflows were recorded at £2.2bn, down from £5.2bn for the same period in 2016. Overall, Aberdeen Standard Investments saw £17.2bn in redemptions from its equities range leading to net outflows of £5.3bn for the period, while fixed income saw £2.7bn in net outflows and multi-asset saw £5.6bn in net outflows. Update: Aberdeen and Standard Life shares soa...