Abrdn Plc has seen significant outflows of £3.1 billion ($4 billion) from its funds in the third quarter, reflecting a challenging environment for the firm's new CEO.
The outflows, primarily driven by redemptions from equities funds, highlight investor concerns amid market volatility. Alongside the substantial withdrawals from equities, Abrdn also experienced approximately £800 million in outflows from fixed-income funds, largely due to a single mandate redemption. This trend emphasizes the difficulties faced by asset managers in retaining client investments in the current financial landscape.