LONDON May 6 British investment manager
Aberdeen Asset Management posted a three percent fall in
pretax profit in the six months to March 31, as clients pulled
money out of its core emerging market and Asian equity funds.
In an earnings statement on Tuesday, the FTSE 100
company posted underlying pretax profit of 217 million pounds
($366.02 million), down from 222.8 million in the same period
last year, after clients withdrew 3.9 billion pounds in January
Aberdeen proposed an interim dividend of 6.75 pence per
share, up from 12.5 percent on last year.
Assets under management increased by more than half to 324.5
billion pounds, boosted by the firm's acquistition of fellow
Scotland-based fund manager Scottish Widows Investment
Partnership (SWIP) in March.
"The deal adds scale and strengthens further our broad range
of investment capabilities and confirms Aberdeen's position as
one of the world's leading asset management groups," said Chief
Executive Martin Gilbert.
($1 = 0.5929 British Pounds)
(Reporting By Jemima Kelly; editing by Simon Jessop)