Standard Life Aberdeen has reported outflows of £16.6bn in the first half of 2018, higher than the £12.4bn reported for the same period last year, with the group saying it is focused on improving performance in its GARS, emerging markets and global equities strategies.
The merged group also reported adjusted profit before tax had fallen to £478m from £521m last year while assets under management and administration (AUMA) had dropped from £627bn at the end of the first half 2017 to £610.1bn at end of June 2018. Co-CEOs Martin Gilbert and Keith Skeoch, said: "Conditions for the asset management industry continue to be challenging. However, our gross inflows remain robust and are spread across a diverse range of investment capabilities, and our market-leading adviser platforms continue to grow. "Our investment and distribution teams are winning new man...
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