Aberdeen inflows up on equity sales

first_imgMonday 27 September 2010 8:13 pm whatsapp Tags: NULL KCS-content whatsapp Sharecenter_img Aberdeen inflows up on equity sales Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof FUND firm Aberdeen Asset Management said yesterday that inflows accelerated over the summer, with clients favouring equity funds despite volatile markets which have made investors cautious.The firm reported a net £621m of new inflows during July and August, above the £337m in the previous three months.The firm’s equity and money markets funds saw net inflows, while its bond funds and alternative portfolios – which include higher-margin funds of hedge funds and multi-asset funds – saw clients exit.The numbers appear to counter the wider sector short-term trend, with flows statistics for July from Lipper FMI showing sustained strength in sales of bond funds while new money invested in equity products slumped.Combined with buoyant markets, the inflows lifted Aberdeen’s assets under management – on which fund firms earn fees – 2.6 per cent to £168.8bn. Almost 70 per cent of that is evenly split between equities and fixed-income products, with alternatives and property at about 17 and 13 per cent respectively.“We remain firmly focussed on organic growth, generating cash and strengthening our balance sheet further,” said chief executive Martin Gilbert last_img

Previous Article

Leave a Reply

Your email address will not be published. Required fields are marked *