Aberdeen Asset Management suffered worse-than-expected outflows of £4.8bn in the final quarter of 2014 as poor emerging market sentiment weighed on its funds.
The moves in the three months to December followed £20.4bn of outflows in the 12 months to end of September, which the group said was a result of the acquisition of Scottish Widows Investment Partnership (SWIP) and waning demand for emerging market equities. Of the total outflows, £1.5bn can be attributed to SWIP funds, which the group acquired in May. In the three months to the end of December, outflows from Aberdeen's equities division slowed to £800m, but the fixed income arm suffered £1.3bn outflows from Aberdeen funds and £200m outflows from SWIP. The group said fixed income o...
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