Aberdeen Group is trading at £225.40, down 4.09%, amid persistent Adviser outflows and concerns about the recovery outlook.
- Aberdeen Group’s October 21 Q3 update reported £0.7bn in Adviser net outflows, unchanged from Q2; management said a return to net inflows was taking longer than anticipated.
- Total Q3 net outflows were £0.3bn, while assets under management and administration rose 4% to £578.9bn.
- The update did not explicitly explain the share-price reaction.