Abrdn AUM rises 3% in first quarter as flows rebound
Investment manager Abrdn recorded net inflows of £800m in the first quarter of the year, driven by stronger markets.
Abrdn
136.80p
15:25 08/11/24
-0.36%
-0.50p
Financial Services
16,733.17
15:24 08/11/24
0.19%
31.50
FTSE 250
20,555.43
15:25 08/11/24
n/a
n/a
FTSE 350
4,462.35
15:25 08/11/24
n/a
n/a
FTSE All-Share
4,420.78
15:25 08/11/24
n/a
n/a
Assets under management were up 0.8% year on year to £507bn. The inflow figure compares with a £6.2bn outflow in the same period last year.
Abrdn’s interactive investor business reported £1.2bn of new cash, but the adviser business saw net outflows of £900m for the quarter.
Reporting by Frank Prenesti for Sharecast.com