, Columnist
Aberdeen's Brexit Bounce
Investors are still pulling money, and more cost cuts are likely.
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Aberdeen Asset Management is running hard to stand still. Just as this year's earlier turmoil in emerging markets showed signs of easing, Brexit struck.
Monday's trading update from the Scottish money manager was, at first glance, reassuring: assets under management climbed almost three percent in the three months through June. The fall-out from the suspension of its property fund following the Brexit vote looked contained, and emerging markets showed signs of a rebound.