Aberdeen Asset Management Improves Figures, But Outflows Reflect Nervy Emerging Market Sentiment

by | Nov 30, 2015

Share this article

Facebook Open Graph

Aberdeen Asset Management has improved net revenue and profit before tax for the 12 months to 30 September, but outflows reflect negative sentiment towards emerging markets.

Net revenue is up 5% to £1,169.0 million (2014: £1,117.6 million) and underlying profit before tax increased to £491.6 million (2014: £490.3 million). Year-end cash is £567.7 million and the final dividend of 12.0p per share (2014: 11.25p), makes 19.5p for the full year (2014: 18.0p).

Assets under management were £283.7 billion (2014: £324.4 billion) which, says management, reflects negative sentiment towards emerging markets.

 
 

AAM CEO Martin Gilbert said: “These solid financial results reflect, in part, the work we have undertaken to diversify the business and maintain a strong balance sheet. The cyclical correction in Asian and Emerging Markets and resulting negative investor sentiment has, as expected, led to further flows from our equities business. While we believe the current weakness may have some way to run, the long term fundamental attractions of investing in these high growth economies remain compelling for patient investors.

“We continue to rebalance and diversify the business, to focus on managing our costs and to generate cash and this has helped to mitigate the impact of the outflows we’ve seen. We intend to continue with this strategy alongside ensuring we continue to deliver long term value for our clients and shareholders.”

Share this article

Related articles

2024: Has cash lost its crown?

2024: Has cash lost its crown?

During 2023, many investors swapped their stocks and shares ISAs for cash options. But as interest rates peak, will cash retain its crown in 2024? Nick Henshaw, Head of Intermediary Distribution at Wesleyan, explains all here. The new year is a natural time for us all...

How will markets react to Rishi’s gamble

How will markets react to Rishi’s gamble

Written by Gaël Fichan, head of fixed income at Syz Group The recent announcement of a snap election in the UK on July 4th has sparked discussions about its impact on both the political landscape and financial markets, particularly the Bank of England's (BoE) monetary...

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x