British asset manager Aberdeen Group reported net outflows of £3 billion ($4 billion) in the first half of the year, as withdrawals from its investment and adviser businesses offset strong growth at its retail investment platform interactive investor, as per the Reuters report.
The outflows were significantly higher than the £900 million recorded in the same period a year earlier and came against analyst expectations of a modest inflow, highlighting continued challenges for the company as it works to rebuild investor confidence.
