Net outflows of £8.9bn marked the nine months to 30 June, 2016, trading update from Aberdeen Asset Management.
The outflows included £1.5bn from its property funds.
Assets under management were £301.4bn, up from £292.8bn.
The fund manager said that the outflows were by £17.5 billion of asset appreciation.
Chief Executive of Aberdeen Asset Management Martin Gilbert said: “We continue to benefit from the diversified asset and client base of the business. Currency, exposure to a broad mix of assets and good investment performance outweighed the net outflows the business experienced this quarter.
“There are many uncertainties out there, including the shape of the UK’s future relationship with the EU, which might undermine market confidence. We remain well placed to take advantage, on behalf of our clients, of any weakness and will continue to focus on fundamentals rather than be distracted by market noise.”
Senior analyst at Hargreaves Lansdown Laith Khalaf said: “The exodus from the property sector took its toll on Aberdeen over the last quarter, though the silver lining from the Brexit vote is that weaker sterling has helped drive an increase in the group’s assets under management.
“For Aberdeen outflows from the property sector are a bit of a sideshow, as withdrawals are taking place across the board. At the moment for or every £1 in assets Aberdeen is attracting, £2 is walking out of the door, and that’s not sustainable for a fund manager in the long term.
“The latest quarter did see some moderation in the pace of withdrawals from Aberdeen’s equity funds, though it’s difficult to get too excited by this when that still equates to over 3% of equity assets lost in just three months.
“Aberdeen is undoubtedly home to some talented fund managers, particularly in its Emerging Markets franchise, but the business is facing a challenging period at the moment.
“Fund outflows are part and parcel of asset management, from time to time, but Aberdeen will be hoping that before too long they start to see some ebb, as well as flow.”