AAM eyes profits at top end of City forecasts
However, the firm’s assets under management dipped to £201.7bn by the end of August, from £209.6bn two months earlier, as “considerable volatility” across global markets knocked £3.3bn off the value of equities in its funds.
AAM chief executive Martin Gilbert said: “We are also mindful that, while there are signs of recovery in Europe and the US, the situation is fragile and structural problems have not been resolved.
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Hide Ad“Aberdeen and our funds are well placed to navigate the difficult market environment ahead to deliver strong returns to our clients and investors.”
Analysts’ forecasts for pre-tax profits for the year to 30 September range from £431 million to £477m.