Aberdeen assets drop 3.6% in Q2

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UK/GLOBAL - Aberdeen Asset Management clinched £300m (US$465m) of net new business in the quarter from its global clients and said redemptions have slowed, but total assets under management dropped 3.6%.

Aberdeen won £11.2bn in new business in the quarter, but saw outflows of £10.7bn, the firm said in an interim management statement today. "The majority of the outflows have been from segregated ...

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