Aberdeen fund flows fail to benefit from emerging market bounce

Investors ploughed more money into global emerging market equity funds in the third quarter (Q3) than any other sector in the European funds industry – but Aberdeen Asset Management is not benefiting from the trend.

Emerging market equities received €12.8 billion out of a total net inflow for the industry of €81.8 billion into long-term funds.

Aberdeen Asset Management, which runs a large emerging market business, saw the second highest overall inflows at €14.07 billion, after BlackRock, according to the figures from Lipper.

However, the inflows are mainly linked to money market funds, not the turnaround in sentiment for emerging markets, with bonds and equities at Aberdeen still showing outflows.

Aberdeen has suffered equity outflows for over a year – including £16.4 billion (€18.2 billion) in 2015 – largely due to investors changing their asset allocation away from emerging markets.

The Lipper figures also show that inflows to exchange-traded funds were €15.4 billion of the total flows.

There were €9 trillion of assets under management in the European funds industry at the end of the quarter.

©2016 funds europe

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