Martin Gilbert, the chief executive of Aberdeen Asset Management, hailed a 2016 turnaround in equity fund performance at his firm this morning, and raised the prospect it might soon put an end to more than three years of net outflows from the company's funds.

The UK-listed fund manager suffered an £8.9 billion net outflow in the three months to June 30, it said in a trading update this morning, July 25. But analysts welcomed an apparent slowdown in clients pulling money from its equity funds, which are Aberdeen's highest-margin business.