Dienstag, 17. Oktober 2017


  • Pressemitteilung BoxID 287202

Aberdeen Asset Management tops last year's excellent result in Germany

More than 1.5 billion Euro gross inflows / High inflows to special property funds / Outflows from mutual property funds more than compensated / Wholesale continues to grow

Frankfurt am Main, (lifePR) - In fiscal 2010/2011, Aberdeen Asset Management Deutschland AG raised more than 1.5 billion Euro in gross inflows to the Aberdeen investment funds that it sells in Germany. Wholesale business accounted for approximately one billion Euro. Since commencing operations in 2007, the German arm of Aberdeen, which is managed by Dr. Hartmut Leser, has accumulated some 4.9 billion Euro of assets under management in the securities segment. Property accounts for a further 4.2 billion Euro of assets. With total assets under management in excess of nine billion Euro, Aberdeen ranks among the largest foreign fund management companies in the German marketplace. The German results are in line with the success of the overall Group, which manages assets totalling some 208 billion Euro worldwide (as of 31 December 2011) and had one of the best financial years ever witnessed in the history of the company in 2011. Throughout Europe, Aberdeen manages some 24 billion Euro of property assets, making it one of the four largest real estate managers in the region.

German institutional investors have engaged the company, above all, to manage assets in the global equity and European corporate bond classes. Aberdeen is particularly proud of the success of its special property funds. In 2011, for example, it launched a pan-European special property fund for German institutional investors. As at 31.12.2011, the fund assets totalled 220 million Euro. For one of its existing special funds, Aberdeen raised net funds of 205 million Euro, which allowed it to jump from 8th to 3rd place in the BVI ranking of German special property fund sales statistics.

As Country Head Hartmut Leser comments: "The result for fiscal 2010/2011 is very satisfactory. We are particularly proud that we were able to more than compensate outflows from the mutual property funds through inflows to special property funds. Our client base in Germany has meanwhile extended to more than 150 institutional investors who value our investment style, which prioritises the preservation of value and stable wealth accumulation. Our conservative investment approach has proven to work, even in difficult market conditions."

Dr. Leser anticipates that the funds raised in the current fiscal year will be similarly high. As Board Member Michael Determann emphasises, the company expects its expertise and years of experience in pan-European property, in particular, to stimulate business. As Determann comments: "The fact that we successfully launched a new special property fund and raised considerable funds for existing special property vehicles shows that we are excellently positioned in the German marketplace. As part of the global Aberdeen network, we can offer our investors all the advantages of a "people on the ground" approach coupled with our own strong research capabilities": Further special property funds are in the pipeline for the current fiscal year. Around the globe, 320 of Aberdeen's headcount of 1,800 work in the property division, which manages assets worth about 24 billion Euro.

From its base in Frankfurt, Aberdeen looks after its mainly institutional clientèle with special fund solutions, and supports selected sales partners for mutual funds. Product focus in 2012 will centre on global equities, European corporate bonds, and special property funds for institutional investors. The investment process adopted by Aberdeen is rigorously tailored to long-term product performance; the investment style is fundamentally oriented. This solid approach is paying off: In 2011, the company netted a total of 16 awards, several categories of which were awarded for the second consecutive year by rating agency Feri, including the award as "Best Asset Manager Emerging Markets".

The company answers only to its investors and manages some 208 billion Euro of assets in total around the globe. All of the teams at the three management and investment centres in London, Singapore and Philadelphia adopt the same methodological approach and are fully integrated into the global decision-making processes. Clearly defined responsibilities and local decision-making powers ensure that fast and decisive action on the one side is coupled with a disciplined investment process involving direct, fundamental research, on the other. Aberdeen is one of only a few fund companies that has the advantage of a completely globalised portfolio management platform.

Aberdeen Asset Management Deutschland AG

Aberdeen Asset Management is a pure asset management company that has been listed on the London Stock Exchange since 1991. The company was originally incorporated in Aberdeen/Scotland in 1983. Aberdeen invests globally in the four main asset classes of equities, bonds, real estate and alternative investments on behalf of its clients. Nowadays the company and its 1,800 employees in 26 countries manage assets of about 208 billion Euro (as of 31 December 2011).

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