Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Aberdeen Profit Falls as Investors Flee Emerging Markets

Aberdeen Asset Management Plc reported lower first-half profit and 8.8 billion pounds ($14.9 billion) of net outflows as negative emerging-market sentiment prompted investors to withdraw funds. The shares tumbled.

The company posted a 3 percent decline in underlying pretax profit to 217 million pounds to March 31 as revenue slid 2 percent, according to a statement today. Assets under management still increased to 324.5 billion pounds, boosted by Aberdeen’s acquisition of Scottish Widows Investment Partnership.

“Aberdeen has delivered a resilient set of numbers, given the difficult backdrop for emerging markets,” Chief Executive Officer Martin Gilbert said in the statement. “There are signs of a pick-up in sentiment toward emerging economies as investors are again identifying opportunities and recognizing the fundamental strengths of these markets.”

The shares closed down 2.4 percent to 435.4 pence in London trading, its biggest decline in more than a month. The Aberdeen, Scotland-based company has tumbled 13 percent this year as reduced stimulus from the U.S. Federal Reserve tempered demand for riskier assets.

The company increased its first-half dividend 12.5 percent to 6.75 pence a share.

Aberdeen agreed to acquire Scottish Widows from Lloyds Banking Group Plc in November, helping the firm to overtake London-based Schroders Plc as Europe’s biggest publicly traded money manager.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.