Net inflows from emerging markets rose £1.7 billion in the last quarter of 2012
Aberdeen Asset Management is taking steps to slow the volume of funds coming from the emerging markets after posting a rise of £1.7 billion of net inflow in the last quarter of 2012.
The fund manager stated in its quarterly update, inflow funds have been “attracted into higher margin pooled funds investing in both equities and bonds whilst outflows have been mainly from lower margin segregated portfolios".
The statement adds: “Net inflows to emerging market equities have continued at a higher rate than we are comfortable with and we are working to achieve a slowdown to ensure performance is not compromised.”
Gross inflows into equity products “remained strong” in the quarter, Aberdeen said, particularly to its Asia Pacific range of investment products, which saw inflows rise from £1.6 billion the previous quarter to £2.4 billion.
Net outflows totalled £9.7 billion in the last quarter of 2012.
Aberdeen has also reported a three per cent rise in assets under management in the last three months of 2012, from £187.2 billion to £193.4 billion.
Aberdeen chief executive Martin Gilbert said: "Overall performance across Aberdeen's range of strategies continues to be strong.
“This performance, driven by our disciplined approach to investing combined with our global distribution model, has helped support flows into a range of products.
“The economic problems of many developed world countries are likely to remain a challenge for growth and markets for some years to come.
“However, Aberdeen's focus on fundamentals and expertise in a wide range of asset classes leaves us well placed to continue to meet the needs of our clients.”