Aberdeen falls out of FTSE 100

DeclineAberdeen Asset Management is to drop out of the FTSE 100 following a testing 18 months for the emerging markets specialist. Since the end of 2014, the firm has experienced net outflows of £40.7 billion (€52.6 billion) as investors increasingly underweighted emerging markets. Aberdeen has seen 11 consecutive quarters of outflows from its funds. Aberdeen’s demotion from the index was widely predicted by competitors, including BlackRock, which shorted the stock earlier this week in response. The firm was one of the most shorted FTSE 100 stocks in the opening trading session of 2016, according to Markit data. Aberdeen’s reliance on emerging markets saw it experience a £9.1 billion outflow over the final quarter of 2015. Last month, a report issued by wealth manager Tilney Bestinvest identifying consistently underperforming UK funds featured 11 Aberdeen funds – the most of any asset management group. Aberdeen will officially join the FTSE 250 on March 21. ©2016 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.