Aberdeen’s EM equity funds continue to draw investors
Inflows to Aberdeen Asset management’s global emerging market equity funds have remained strong, amid increasing risk appetite, the company has reported.
The company has announced that its total assets under management are up 6% on the end of 2011.
On 29 February 2012 Aberdeen had AUM of £184.4bn, against £173.9bn on 31 December 2011. The figures were reported in advance of entering a close period ahead of the announcement of interim results for the six months to 31 March 2012. The company reported net inflows of £1.4bn in the two months to 29 February 2012, resulting in net outflows of £1.4bn for the five month period.
Martin Gilbert (pictured), chief executive of Aberdeen, said: “These figures reflect the continuing theme of flows into higher margin products across the business. Performance remains strong and our disciplined investment approach means we are well placed to continue to deliver for our investors.”
The company will announce its interim results for the six months to 31 March 2012 on 30 April 2012.
However, despite risk appetite, the head of Aberdeen’s Asia division remains wary of frontier markets, telling Investment Week that the company still views markets such as Burma as “too risky”.