£800m net outflow at Aberdeen

Aberdeen Asset Management witnessed net outflows of £800m in the fourth quarter of last year, according to its interim management statement.

The firm saw £2 billion more outflows than inflows from fixed income, £900m of such net outflows from alternatives, £900m from property and £400m from money market funds.

Equities saw £3.4 billion of net inflows, however, driven mainly by emerging markets. (article continues below)

The equity flows helped lift assets under management (AUM) to £80.8 billion out of a total of £183.3 billion for the group.

Group AUM rose £5.4 billion in the quarter due to positive performance and currency movements.