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
136.70p
13:55 21/11/24
0.51%
0.70p
Financial Services
17,060.69
14:00 21/11/24
0.72%
122.44
FTSE 250
20,265.51
14:00 21/11/24
n/a
n/a
FTSE 350
4,473.10
14:00 21/11/24
n/a
n/a
FTSE All-Share
4,430.03
14:00 21/11/24
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