(Reuters) Aberdeen Asset Management reported a 12.5 percent fall in assets after nervous investors pulled money out of its emerging market funds and said it expected further outflows, sending its shares lower on Monday. Emerging markets have been roiled this year by concerns about global growth, particularly in China, and the likely impact of rising U.S. interest rates, hitting shares in Aberdeen and peers such as Ashmore.
Assets at the end of September totaled 283.7 billion pounds ($426 billion), down from 324.4 billion pounds a year earlier, Aberdeen said, hit particularly by outflows of 16.4 billion pounds from its equity funds and a negative market move of 12.1 billion pounds.
