Emerging Markets Key to Halting Aberdeen's Outflow Crisis
Aberdeen Asset Management Plc reported a further 7.6 billion pounds ($11.2 billion) of net outflows in the first three months of 2016 as clients continued to withdraw money from equities and fixed income funds. The redemptions bring the total outflows for the six months through March to 16.7 billion pounds and compares with 11.3 billion pounds withdrawn a year earlier, Aberdeen said in a statement Tuesday. Chief Executive Officer Martin Gilbert goes through the numbers with Bloomberg's Francine Lacqua on "The Pulse."
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