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Aberdeen Group PLC - Edinburgh-based asset manager - Assets under management decline by 2.2% to £500.1 billion as of March 31 from £511.4 billion on December 31, as Aberdeen suffers £5.2 billion in net outflows in the first quarter, compared to £800 million in net inflows a year before. The outflows are concentrated in Institutional & Retail Wealth at £4.1 billion, while the Insurance Partners area has £2.3 billion in net outflows. Aberdeen says a previously disclosed £4.2 billion redemption of a low-margin investment mandate was the main cause of the net outflows. They are partly offset by £1.6 billion in net inflows for the interactive investor retail platform. Looking ahead, Aberdeen said it remains committed to its 2026 target of £300 million in adjusted operating profit, supported by £150 million in annualised cost saving by the end of 2025. This would be up 18% from £255 million in adjusted operating profit in 2024. Current stock price: 146.80 pence 12-month change: up 0.4% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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