Abrdn AUM rises 3% in first quarter as flows rebound

Investment manager Abrdn recorded net inflows of £800m in the first quarter of the year, driven by stronger markets.

Source: Sharecast

Assets under management were up 0.8% year on year to £507bn. The inflow figure compares with a £6.2bn outflow in the same period last year.

Abrdn’s interactive investor business reported £1.2bn of new cash, but the adviser business saw net outflows of £900m for the quarter.

Reporting by Frank Prenesti for Sharecast.com

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Abrdn ( ABDN )

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Date: 20/05/2024 - 09:49

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