Springtime for Aberdeen Asset; Healthy New Fund Inflows Show Recovery Is Under Way
Linked as:
Summary
ABERDEEN Asset Management yesterday revealed more green shoots of recovery after recording the highest level of new fund inflows since the first half of 2001, just before it became embroiled in the split- capital investment trust storm.
In a trading update ahead of the fund management com- pany's interim results, Aberdeen reported healthy new business levels, with gross new business mandates for the first five months of the year totalling (pounds) 1.8bn.See the full content of this document
Extract
Springtime for Aberdeen Asset; Healthy New Fund Inflows Show Recovery Is Under Way
Net new business for the same period was (pounds) 1.1bn, with (pounds) 668m in new mandates in fund management. A large part of t...
See the full content of this document
Sponsored links
