Aberdeen sees growth in pooled funds

growthAberdeen Asset Management says there has been continued strong interest in its range of pooled funds. The asset manager’s latest interim management statement, covering the nine months up to 30 June, shows that net inflows into pooled funds over the period were £5.3bn (€6bn) as opposed to £3.9bn a year previously. By contrast, segregated mandates registered net outflows of £5.3bn, as against outflows of £3.6bn in 2010. The higher revenue margins on pooled funds, combined with strong sales of equity and property products, have provided approximately £15m of annualised fee income. Regarding the statement, Martin Gilbert, chief executive of Aberdeen, said: “Aberdeen continues to make good progress in what have been volatile market conditions. Flows into higher margin products have more than offset redemptions in terms of revenue ensuring profit, cashflow and margins remain strong.” Assets under management increased over the second quarter of 2011, rising 2.5% to £185.8bn as per 30th June. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.