We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

In this section

Shares

Abrdn AUM rises 3% in first quarter as flows rebound

Wed 24 April 2024 08:13 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

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

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

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast