Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday its assets under management and administration rose 3% to £568.9 billion as at March 31, 2019 — up from £551.5 billion on December 31.
Ahead of its AGM later on Tuesday, Standard Life Aberdeen said in a stock exchange statement: “AUMA increased by 3% to £568.9bn (31 Dec 2018: £551.5bn) helped by positive market movements that were partly offset by the strength of sterling.
“Gross inflows were boosted by £3.5bn of assets from Virgin Money, with whom we are launching a joint venture.
“Net outflows continued to be concentrated in a small number of strategies.
“AUMA also benefited from the acquisition of Orion Partners, an Asia-based real estate manager, which added assets of £0.7bn.”