abrdn shares plunge 8% as investors pull £3.1bn in third quarter

In its quarterly buying and selling replace at the moment (24 October), the agency reported £3.5bn in web outflows from its funding arm, bringing the year-to-date complete for the division to £4.5bn — a major drop from the £13.5bn withdrawn by traders throughout the identical interval final 12 months.
The FTSE 250 asset supervisor mentioned outflows have been primarily pushed by equities, which stay impacted by “difficult circumstances” for flows in Asia and rising markets, together with a shift in direction of passive and quantitative methods.
Traders pulled a web £2.4bn from the agency’s equities methods through the quarter, off…