Aberdeen attracts higher margin work

A strong performance in equity markets and a net inflow of funds helped to lift assets under management by 6 per cent since the start of the year to £184bn for Aberdeen Asset Management. Investors took advantage of an upbeat equity market, investing a net £2.5bn of new money in the first two months of the year. However, there were net outflows from fixed income, property, money market and multi-manager products, although this still left an overall £1.4bn inflow. And the emphasis on equities was well founded, with the stronger market lifting the value of equity assets under management by £8.2bn.