aberdeen asset managemnt this company has fallen from 1.90 per share in may down to 1.34 now. despite having really good broker recommendations, as being a strong buy. Lets hear views and whether or not if you thing they have a good chance of recovery. I have quite a few shares and am wondering whether to stick with or move the money into something else.

ABERDEEN ASSET MANAGEMENT PLC
INTERIM MANAGEMENT STATEMENT - 3 MONTHS TO 31 DECEMBER 2013

Highlights
· Assets under management £193.6 billion (30 September 2013: £200.4 billion)
· Gross inflows in the quarter of £6.8 billion (3 months to 30 September 2013: £9.6 billion) in the face of weaker investor sentiment
· Reduced outflows of £11.2 billion (3 months to 30 September 2013: £13.2 billion) resulting in net outflows of £4.4 billion (30 September 2013: net outflows of £3.6 billion)
· Continued improvement in blended fee rate: 51.3 basis points (year to 30 September 2013: 50.0 basis points)
· Encouraging flows into emerging market bonds, high yield and property strategies
· Some £2 billion of unfunded new business build up across equities, fixed income and property products

Martin Gilbert, Chief Executive of Aberdeen, commented:

"Business flows reflected the continuing negative sentiment towards Asian and emerging markets generally, particularly later in the quarter. However, we believe the fundamental attractions of the Asian and developing economies and companies that we invest in are compelling. We remain committed to our rigorous investment process and are confident that we will sustain our record of long term outperformance.

"From a business perspective, it is pleasing to note that the blended average fee rate has continued to increase. However, given the environment we are closely managing costs. We have a strong new business pipeline which is expected to deliver around an additional £2 billion in AuM in early 2014 across a range of asset classes and geographies. We are also making good progress towards completing our acquisition of SWIP, which will significantly expand and diversify our base of assets under management."

Assets under management
Assets under management ("AuM") of £193.6 billion at 31 December 2013 were 3% lower than at 30 September 2013. The principal changes in AuM during the quarter are shown in the following table.



Equities
£bn
Fixed income
£bn
Aberdeen solutions
£bn

Property
£bn
Money market
£bn

Total
£bn
AuM at 30 September 2013
113.8
36.8
28.8
15.0
6.0
200.4
Net new business flows for the quarter
(3.1)
(0.6)
(0.7)
0.5
(0.5)
(4.4)
Market appreciation & performance
0.8
0.2
0.5
(0.1)
-
1.4
FX movements
(2.6)
(0.9)
(0.1)
(0.1)
(0.1)
(3.8)
AuM at 31 December 2013
108.9
35.5
28.5
15.3
5.4
193.6

Business flows
Weaker sentiment, particularly towards emerging markets, continued to weigh on investors' minds during the quarter. We saw this reflected in reduced gross new business wins for the quarter of £6.8 billion (quarter to 30 September 2013: £9.6 billion). The slowdown in inflows was felt mainly in equities.

The blended average fee rate earned on AuM has continued to improve, to 51.3 basis points (year to 30 September 2013: 50.0 basis points) as new business inflows are being won at reasonably healthy fee rates. However, given that we expect market conditions to remain difficult, we are also acting to reduce discretionary operating costs.

Despite the difficult market conditions during the quarter, we built a good new business pipeline of approximately £2 billion which will be invested in the coming months across a range of capabilities including emerging markets (bonds and equities), Japanese equities, money markets and Nordic property.

Outflows for the quarter reduced to £11.2 billion (quarter to 30 September 2013: £13.2 billion), resulting in net outflows for the quarter of £4.4 billion (30 September 2013: net outflows of £3.6 billion).

Outflows from global equities were largely the result of strategic asset allocation changes made by two segregated clients, whilst flows out of our fixed income and solutions businesses were mainly redemptions from lower margin products.

Encouragingly we recorded net inflows into emerging markets bonds, high yield and property; three capabilities which are key elements of our global distribution strategy.

An analysis of the new business figures for the quarter to 31 December 2013 is provided at the end of this statement.

Investment performance
Our equity process is focused on investing for the long term and our long term performance is compelling. However, there will be circumstances which will result in periods of shorter term underperformance. During 2013 we saw lower quality, more cyclical companies - which are not typical Aberdeen holdings - rally over the year. Our Asian, emerging market and global portfolios were also overweight markets where there was considerable currency weakness.

In our experience it has never ultimately been rewarding to chase performance, instead our focus remains on undertaking our own detailed research and investing in companies we believe offer both good quality and attractive valuations. Eventually the market will return to focusing on corporate fundamentals - the higher quality companies. In short we do not expect to make any significant changes to the structure of our portfolios.
Most of our main fixed income strategies are ahead of their benchmarks over one, three and five years.

Outlook
We believe that further volatility in markets and investor sentiment is likely in the coming months, but we will not be deflected from our focus on adding value for our clients and shareholders through our focus on our long term investment philosophy. Our application for regulatory approval for our strategic relationship with Lloyds Banking Group, including the acquisition of Scottish Widows Investment Partnership, continues to progress and we look forward to the opportunity to begin the integration of this transaction.
For further information please contact:
Aberdeen Asset Management PLC + 44 (0) 20 7463 6000
Martin Gilbert
Bill Rattray
Maitland + 44 (0) 20 7379 5151
Neil Bennett
Tom Eckersley

Management will host a conference call for analysts and institutions at 07:45 GMT today.

Been hammered due to emerging markets scenario. Bang on 200DMA, watching to see if it holds.

ADN looks oversold. 3.7% yield currently... Maybe a little more downside yet..

Aye watching Shortie :O)

200DMA banjaxed if support @ 400p fails then 380p next stop.

Chris, I take you saw this earlier :-

Morgan Stanley Underweight 402.10 421.40 492.00 393.00 Downgrades

No I missed that skinny, thanks. Markets spooked I'm just sitting on sidelines at mo watching.

As am I, 380 - 385 should find support I think... on a projected 16p yield this is 4.17%
BUT
Argentina's currency plunged as its central bank abandoned its policy of supporting the peso by intervening in the foreign exchange markets. Other Latin American currencies also came under pressure. Bad news for Emerging Markets and a driving force. With Morgan Stanleys downgrade also other brokers are likely to follow.. Where's the bottom??

340 ish I'm guessing Shortie worst case scenario.

Fund manager Aberdeen was a heavy faller on the FTSE 100 on Friday after a ratings downgrade by Morgan Stanley from 'equal weight' to 'underweight'.

The bank said that a "deteriorating" fund performance at Aberdeen compounds challenging fundamentals in the emerging markets (EM). This "increases the risk of negative revisions and further multiple de-rating" for the stock, it said.

Been out all morning but above timed at 12.22. Just for info chaps.

http://www.bbc.co.uk/news/business-25877391

Espirito Santo (who?) reiterates buy, target cut from 573p to 514p.

Scalped a few points long on the rise, back above 400.0, watching and waiting before taking a punt for 200DMA to be breached.

Chart looking good to close gap @ 420p

Febuary 6 2014 1.04pm The Wall Street Journal. In Defense Of Aberdeen.


By Sarah Krouse

Aberdeen Asset Management has come under pressure this year as investors shed their exposure to emerging markets.

But analysts at RBC Capital Markets said investors shouldn't give up on the fund manager yet.

After a nearly 20% drop in the company's share price this year, compared to a roughly 4% drop in the broader FTSE 100 index, RBC analysts said in a note Thursday that the stock's current price takes into account "overly bearish assumptions" about the company's performance.

One thing RBC analysts believe Aberdeen has working in its favour is its acquisition of Scottish Widows Investment Partners from Lloyds Banking Group. The deal announced in November will help Aberdeen diversify away from its heavy exposure to emerging markets and Asia Pacific equities. That exposure, the analysts say, will drop to 24% from 40% when the deal is complete.

The share price is also being hit by short sellers rather than long - term owners exiting their holdings, they said.

The analysts added the firm has a strong balance sheet and the highest upside potential of any fund manager they cover, but did anticipate net outflows and "slipping investment performance."

"Today is not the time to abandon Aberdeen, as value, yield, buybacks and a transformational acquisition are either present or pending," they wrote.

Earlier this week Aberdeen published a note in defense of emerging markets.

"Emerging markets have a history of scares and what follows the latest bout of uncertainty will merely be a natural and healthy adjustment. Policymakers and company management are more than equipped to deal with cyclical change they have been here before." Nothing to see hear folks.

Still, the fund manager called 2013 a year to forget for developing markets because of the impact of U.S. monetry policy. It pointed to a difference of 29% in the performance of the MSCI World Index versus the less impressive MSCI Emerging Markets Index last year.

This stock is probably a screaming buy now, just a wee bit more downside to go I reckon. Timing as ever.

Long on the spreads @ 368.0

Their owns funds not doing especially well just now I think ?
Perhaps we need to wait and see how Scottish Widows will be absorbed ?
Seems their may still be turmoil in emerging markets ?
Probably a share to watch and buy on a bad day ?
Do you agree Chris ?