Aberdeen

‘The BRIC concept is a distraction’

The heavy selling seen in emerging markets since last May has halted year to date as buyers snap up sold-off shares, but Aberdeen's global emerging markets head Devan Kaloo has warned there could be more pain to come.

Buy the rumour, sell the fact? Managers urge caution on India

EFG Asset Management is set to launch an M&A tracker fund led by global chief investment officer Mozamil Afzal, together with head of equity research Robin Milway.

Aberdeen Asset Management plans to keep its headquarters in Scotland regardless of the outcome of this year's independence vote, its chief executive has announced.

CHINA

The "brutal" sell-off which has hit emerging markets for six since the start of the year is now at an end, Aberdeen CEO Martin Gilbert has said, with outflows from the group's fund range slowing.

Aberdeen has reported £8.8bn in net outflows for the six months to 31 March 2014 despite redemptions slowing in the final month of the period.

Aberdeen Asset Management completed the acquisition of Scottish Widows Investment Partnership (SWIP) last night, paying £550m for the business.