Bringing you live news and features since 2006 

Aberdeen Asset Management pre-tax profit up 20% to GBP605.2m

RELATED TOPICS​

Aberdeen Asset Management’s pre-tax profit increased to GBP184.5 million from GBP168.7 million during the six months to the end of March 2015, as revenue rose 20 per cent GBP605/2 million.

The growth comes on back of Aberdeen’s acquisition of Scottish Widows Investment Partnership, which it completed a year ago.

Aberdeen's assets under management totalled GBP330.6 billion during the period, compared with GBP324.5 billion a year earlier it added.

Stripping out exceptional items and costs, pretax profit rose 25 per cent to GBP270.2 million the company says.

Martin Gilbert, Chief Executive, says. "Gross new business inflows have continued to grow. However, they have been offset by outflows, which reflect changes in asset allocation driven by macro-economic factors and some structural outflows from certain clients. Despite these headwinds we are well positioned for the long term.”

Aberdeen, which manages assets for both institutional and retail clients, is to pay an interim dividend of 7.5 pence per share, compared with 6.75 pence a year earlier.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by