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Equities boost Aberdeen in fourth quarter

Strong inflows and performance in equities boosted Aberdeen Asset Management’s funds under management by 3.3 per cent in the last quarter of 2012.

In its interim management statement released today the fund manager said it had seen net new inflows of £3.1bn into its equity funds, which include Hugh Young’s sector-leading Asian equity products.

Aberdeen said it was still looking to stem inflows into its emerging markets funds as inflows “have continued at a higher rate than we are comfortable with”. The company said it was trying to slow down new business “to ensure performance is not compromised”.

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But outflows across fixed income, property and multi-asset products meant total net inflows for the final three months of the year totalled £1.1bn.

Aberdeen said outflows had mainly been from “lower margin segregated portfolios”, meaning the firm had been able to raise roughly £30m in fees through the period.