New business levels boost A'deen assets.(Aberdeen Asset Management PLC)(Brief article)

Financial Adviser, October, 2007

Aberdeen Asset Management has seen assets under management rise 13.2 per cent in six months, reporting a total of AGBP91bn at the end of August.

The company attributed this primarily to new business inflows which it said had continued at a healthy rate, despite the increasingly volatile global stock markets.

The figures were released ahead of Aberdeen's publication of annual results, which it will announce on 3 December.

In its latest trading statement, Aberdeen reported a gross new business generation for the 11 months to 31 August of AGBP24.2bn, which included mandates that have been awarded but not yet funded. In the same 11-month period, net new business totalled AGBP11.8bn, of which it said that AGBP8.1bn had been funded by 31 August...

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