LONDON, Aug 7 (Reuters) - British asset manager Standard Life Aberdeen on Wednesday posted a 5% rise in first-half assets under management and administration as market gains more than offset continued net outflows of client cash.
Total assets at the end of the period were 577.5 billion pounds ($702 billion), up from 551.5 billion at the end of December. Positive market moves added 41.2 billion pounds, against net outflows of 15.9 billion pounds.
$1 = 0.8226 pounds Reporting by Simon Jessop, editing by Sinead Cruise
Our Standards: The Thomson Reuters Trust Principles.