| 29.07.2014 - Aberdeen’s assets drop as client withdraws £4bn |
| Aberdeen Asset Management’s assets dropped in the second quarter of 2014, following a substantial withdrawal by a major client. In the three months to the end of June, the Asian Sovereign Wealth Fund withdrew £4bn from Asia Pacific and global equities mandates. The withdrawal took total net outflows from Aberdeen’s assets in the period to £5.5bn, with money flowing out of equity, fixed income and Aberdeen Solutions products...............................................Full Article: Source |