Aberdeen Asset Management said it suffered £4.8bn in net outflows in the fourth quarter of 2014, compared with £2.83bn in the previous quarter.
Outflows cancelled gains worth £1.3bn from its funds’ performance and £2.4bn from foreign exchange movements.
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The asset manager’s total assets under management fell £1.1bn to £323.3bn at the end of 2014.
Gross inflows for the quarter ended 31 December 2014 was £11.29bn, compared to £10.35bn on 30 September 2014.
Aberdeen CEO Martin Gilbert said December had been a tough month for the firm, following "encouraging" inflows in October and November.
"December was a reminder that investor sentiment remains fragile," Gilbert added.
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By GlobalDataThe company said that the SWIP integration is on track with the more complex elements of the migration expected to complete by end of 2015 and the final cost synergies likely to be ahead of initial expectations.
