- Investment revenue margin down sharply
- Significant outflows continue
Abrdn (ABDN) should be split up or sold off for investors to find value, analysts have argued, after the asset manager's new cost-cutting plan failed to convince the market that it would stem outflows and turn around investment profits.
David McCann at Numis reaffirmed his view after digesting the group's January update, saying that “a more radical strategy is needed to turn the group around and maximise value, such as the break-up of the group with capital being returned to shareholders, or sale of the group".