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Aberdeen Asset Management hit by turbulence in emerging markets


As Aberdeen Asset Management reports its full year results Graham Spooner, Investment Research Analyst at The Share Centre, explains what it means for investors.

“Full-year results at Aberdeen Asset Management saw investors continue to pull money from the firm’s emerging market funds, with net outflows of GBP33.8 billion over the year, reaching a peak in the fourth quarter of GBP12.6 billion.
“Negative sentiment towards emerging market investment saw assets under management slip to GBP283.7 from GBP324.4 billion in 2014. Revenue rose, up 5 per cent, while underlying profits were flat year on year.
“Investors should acknowledge that Aberdeen has been acquiring business to aid its product diversification. Its purchase of SWIP has helped strengthen its position in multi asset and alternative capabilities, while supporting diversification in its portfolio.
“Volatility in emerging markets its likely to maintain pressure on Aberdeen’s share price in the short-term, which leads us to our ‘hold’ recommendation on the stock. However, as emerging markets remain likely to deliver significant growth over the long-term, this stock may have some appeal for the contrarian investor.” 

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