Global strife is the biggest threat to business, Aberdeen’s Martin Gilbert warnsComments Off on Global strife is the biggest threat to business, Aberdeen’s Martin Gilbert warns
The fund manager had a “torrid” first half as investors pulled funds out of its high-margin Asian and emerging market equity funds, but has steadied the ship since then.
“In the last quarter to September there have been marginal inflows which is good,” Gilbert said.
A falling oil price is “generally good for equities” but risks such as tensions between Russia and Ukraine remain: “I can’t fathom why the market is so sanguine about world events,” he said.
Aberdeen’s underlying profit before tax rose 2% to £490.3 million in the year to September 30.
The final dividend is up 12.5%, giving a total dividend of 18p. Shares rose 2.6p to 452.5p.