Aberdeen Net Outflows $15.5 Billion in Three Months to June

EMEA (Europe, Middle East and Africa) investors’ strong appetite for gaining exposure to specialist investment strategies is driving Nikko Asset Management to expand its range of UCITS (Undertakings for Collective Investment in Transferable Securities) funds, the company announced today.

The Nikko Asset Management Global Equity fund will be managed by Will Low, who joined the firm as head of global equities last year from SWIP.

On a more positive front, Aberdeen said it had around £4 billion in new commitments and mandates -over 75% of which are to its property, solutions and alternatives teams- although this was not funded in the quarter. The most recent addition was the highly experienced UK-based global active equity team led by William Low in August 2014. “Using our team’s extensive experience in multi-asset investment, we aim to provide a product which can deliver a sustainable annual yield while maintaining the real value of investors’ capital over the medium term”.

Commenting on the new launches, global head of investment at Nikko Asset Management, Yu-Ming Wang, said: ‘As we position ourselves as Asia’s premier.

Meanwhile the Nikko Asset Management Global Multi-Asset fund will be managed by Australia-based head of multi-asset Al Clark, supported by the 18 members of the firm’s multi-asset team. “We now are looking at companies will good cash flow that have the ability to compound their growth in a world that we expect will continue to see subdued levels of GDP growth”.

The emerging markets-focused fund manager said its assets under management fell 7 percent to 307.3 billion pounds during the third quarter of its financial year, hit by market conditions and currency movements.