INTERIM MANAGEMENT STATEMENT - 3 MONTHS TO 31 DECEMBER 2011
Highlights
- Assets under management 173.9 billion (30 September 2011: 169.9 billion)
- 7.8 billion of new business won in the quarter (quarter to 30 September 2011: 9.1 billion)
- Net new business for the quarter: -2.8 billion (quarter to 30 September 2011: -1.7 billion)
Martin Gilbert, Chief Executive of Aberdeen, commented: "These figures continue the momentum from Aberdeen's strong full year results. New business flows remain focused on our higher margin pooled funds with outflows largely limited to lower margin strategies. Revenues continue to improve steadily while costs remain under control.
"Our investment performance is robust in the face of ongoing macroeconomic instability. I am confident that Aberdeen's disciplined investment processes and our unerring focus on fundamentals rather than market noise will continue to deliver for our clients over the long term."
