Abrdn share price falls as investors pull billions from funds in third quarter
Abrdn's share price experienced a sharp decline of over seven per cent at market opening today following the release of its third-quarter results.
The investment company saw significant withdrawals from its funds in the last quarter, but inflows into its Interactive Investor self-invested platform mitigated some of the outflows, as reported by City AM.
For the year ending 30 September 2024, Abrdn reported a two per cent increase in assets under management and administration (AUMA), reaching £507bn.
Notably, the growth was primarily driven by its Interactive Investor platform, which saw assets climb fr
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