Aberdeen Asset Management reported £312.1 billion ($404.6 billion) in assets under management as of Sept. 30, up 3.6% from three months earlier and up 10% from a year earlier despite outflows, said Aberdeen's financial statement.
Equity net outflows were £13.6 billion for the year ended Sept. 30 compared with £16.4 billion in net outflows in 2015.
Fixed income reported net outflows of £6.8 billion for the fiscal year, with nearly half of the outflows (£3.5 billion) coming in the most recent quarter. For the previous year ended Sept. 30, 2015, fixed income net out flows totaled £6.3 billion.
Multiasset net outflows for the year were £7.1 billion, with £1.5 million recorded in the quarter ended Sept. 30.
Emerging markets equities recorded net inflows of £800 million for the year, with £600 million coming in the most recent quarter, the statement said. For the previous year ended Sept. 30, 2015, emerging markets equities net out flows totaled £4 billion.
“Structural themes, including fee pressure, technological innovation and greater regulatory requirements are a focus for all asset managers,” Aberdeen CEO Martin Gilbert said in a statement accompanying the update. “Aberdeen's broad range of investment capabilities and global distribution platform means we are well-placed to address these challenges and also benefit from the opportunities they create.”
