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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.
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