Shares in Aberdeen fell by more than 3% this morning, after the fund group posted continued outflows for the three months to the end of September.
The asset manager's share price was down around 3.5% at 227p at the time of writing, according to data from MarketWatch, following today's (21 October) quarterly stock market update, in which it recorded overall outflows of £300m. With respect to adviser net outflows of £700m in particular, the group said "the return to net inflows is taking longer than anticipated". Aberdeen CEO Jason Windsor said: "The [Aberdeen Adviser] platform is performing well and we are confident the changes we are making will successfully position the business to meet the needs of the rapidly evolving IFA ma...
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