Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.
Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.
The shortlists for the Aberdeen UK Platform Awards 2013 have been announced. We start with the nominees for the big one: Platform of the Year...
Five firms have been named on the shortlist for the Best Platform for Adviser Service gong at next month's Aberdeen UK Platform Awards.
The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.
Aberdeen Asset Management's Hugh Young has cautioned there is a lack of buying opportunities in Asia as earnings growth continues to slow down across the continent.
Aberdeen Asset Management was hard hit by June's market sell-off, which contributed to a 1% drop in AUM for the asset manager in the second quarter of 2013 compared to the end of March.