Aberdeen Asset Management continued to see outflows in the final quarter of the year, reaching £11.2 billion as of 31 December 2013.

While the outflows were slightly less than in the previous quarter, £2 billion less, the net outflow actually increased from £3.6 billion to £4.4 billion. In addition, assets under management (AuM) fell from £200.4 billion to £193.6 billion this quarter.

Martin Gilbert, chief executive, said: "Business flows reflected the continuing negative sentiment towards Asian and emerging markets generally, particularly later in the quarter."

He added: "However, we believe the fundamental attractions of the Asian and developing economies and companies that we invest in are compelling."