Aberdeen Asset Management has posted pretax profit of £185.4m during the six months ended 31 March 2015, an increase of nearly 10% compared with £168.7m a year ago.
The group’s assets under management (AuM) stood at £330.6bn during the first half of its financial year, versus £324.5bn in the year ago period.
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Aberdeen, which has a large chunk of its business in the emerging markets, reported net revenue of £605.2m, a surge of 20% from £503.5m a year ago.
However, the group saw net outflows £11.3bn, versus £8.8bn in the year ago first half, mostly from global emerging markets, global equities, fixed income and multi-asset funds.
Commenting on the results, Aberdeen Asset Management CEO Martin Gilbert said: "I am pleased to report that the Group has increased its underlying profits by 25% as we benefited from the diversifying effects of the acquisition of Scottish Widows Investment Partnership, which we completed a year ago. We remain strongly cash generative and we again increased our dividend, whilst also adding to our regulatory capital headroom.
"Gross new business inflows have continued to grow. However, they have been offset by outflows, which reflect changes in asset allocation driven by macro-economic factors and some structural outflows from certain clients.
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