Aberdeen heading to Standard Life merger in better shape, shares up
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Edinburgh
ABERDEEN Asset Management Plc is heading to its marriage with Standard Life Plc with slowing outflows and improving profitability as investors return to its emerging-market strategies. The shares jumped to the highest level in almost two months.
"Obviously being overweight in emerging markets and emerging-market debt in our global portfolios has helped performance," chief executive officer Martin Gilbert said on Bloomberg TV on Tuesday.
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