SUBSCRIBERS
Aberdeen Asset Management's full-year profit down 28% amid outflows
Published Mon, Nov 28, 2016 · 09:50 PM
London
ABERDEEN Asset Management posted a 28 per cent drop in pretax profit on Monday, hit by outflows across a range of products including its multi-asset and quantitative funds.
The investment manager has been hit hard by investors' waning appetite for emerging market equities over the past year, the asset class that the firm is most well known for.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism