Aberdeen confident of 8% AuM increase

Aberdeen appears confident that it will report an 8% increase in assets under management on Monday.

It has distributed a preview note from UBS that predicts Aberdeen’s assets will be £208 billion (€244 billion).

On Monday Aberdeen Asset Management will announce a trading update in advance of entering a close period ahead of the announcement of interim results for the six months to 31 March.

The UBS figures are for the two months ending 28 February.

The bank expects that £14.3 billion will be from market performance and £300 million will be from net flows.

©2013 funds europe

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