Aberdeen Group plc said on Wednesday its assets under management and administration (AUMA) have risen 6% year to date to £542.4 billion but that “net flows for equities remain challenging, despite a significant improvement compared to previous trends.”
The news came in a third quarter AUMA and flows trading update.
Aberdeen reported “continued strong momentum” in its interactive investor business, with total customers up 14% year-on-year to 492,000, higher daily trading volumes, and Q3 net flows of £1.9 billion — 58% higher year-on-year.
The group reported net outflows in its Adviser business of £500 million — a 50% improvement “supported by improved service and repricing.”
In its Investments business, Aberdeen reported assets under management (AUM) of £382.3 billion — up 3% year to date “driven by positive market movements.”
Aberdeen said its net outflows were £1.8 billion, 49% lower than Q3 last year “with the improvement driven by fixed income, alternatives and equities.”
Aberdeen Group CEO Jason Windsor said: “Over the last quarter we have made good progress against the plan we set out in March. Net flows and other key operational metrics improved year-on-year, with increased Group AUMA benefiting from positive markets.
“interactive investor has maintained its excellent growth, with transfers and trading activity at record levels and net inflows 58% higher year-on-year. Increasing brand awareness and a range of innovative new products launching soon mean the business is very well positioned to sustain its growth momentum.
“In Adviser, customer service has again improved, with net outflows in the quarter 50% better year-on-year. Our focus remains on returning to growth and achieving our 2026 net flows target.
“In Investments, AUM has benefited from positive markets as well as net inflows in quants, alternatives and our targeted growth areas of fixed income and real assets. Net flows for equities remain challenging, despite a significant improvement compared to previous trends.
“Looking ahead, we are confident in our prospects as a Wealth & Investments Group, with the growth potential across all three of our businesses reflected in our 2026 targets.”