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Abrdn hit by £3.1bn of outflows during third quarter

The results are the first since Jason Windsor was appointed Abrdn’s permanent chief executive in September

Abrdn is not the only asset manager facing investor redemptions Jose Sarmento Matos/Bloomberg via Getty Images
Abrdn is not the only asset manager facing investor redemptions Jose Sarmento Matos/Bloomberg via Getty Images

Abrdn, the UK-listed asset manager, suffered outflows of £3.1bn during the latest quarter, driven by investors pulling money predominantly from its investments business.

Despite the outflows, the Edinburgh-headquartered firm saw assets under management rise 2% to £507bn, buoyed by positive markets and flows into its Interactive Investor division.

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