Abrdn flags tough investing year on par with 2022 as assets shrink
The FTSE 100-listed firm said 2023 was shaping up to be equally as challenging as ‘one of the hardest investing years in living memory’.
Source: lbc.co.uk
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Profits dive 66% at abrdn investment arm as funds struggle to outperform
Profits across abrdn’s investment arm have fallen 66% over the first half of 2023 while heavy redemptions continue to weigh on AUM
Source: investmentweek.co.uk
Abrdn takes £600m hit to its advice arm in six months as inflation bites
Abrdn has recorded outflows of £600m across its advice offerings for the first half of 2023, new figures show.
Source: professionaladviser.com
abrdn (OTCMKTS:SLFPF) Rating Lowered to Sell at UBS Group
UBS Group cut shares of abrdn (OTCMKTS:SLFPF – Free Report) from a neutral rating to a sell rating in a research report released on Wednesday, FlyOnTheWall reports. Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of abrdn from GBX 215 ($2.76) to GBX […]
Source: dailypolitical.com
Sustainable bond funds shed £653m in H1 2023 as ESG equities add £10.3bn
Sustainable fixed income funds experienced outflows in the first half of 2023 despite the popularity of their conventional peers.
Source: investmentweek.co.uk