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Brexit vote boosts Aberdeen AUM

Aberdeen Asset Management Plc's AUM at June-end totaled£301.4 billion, up from £292.8 billion as of March 31.

The group noted that the weakening ofthe British sterling against most major currencies in the wake of the U.K.'svote to leave the EUcontributed to the increased value of its AUM, helped by resilient markets andgood investment performance.

Gross inflows for the quarterreached £9.22 billion, while gross outflows amounted to £18.10 billion. Netoutflows amounted to £8.88 billion, offset by £17.5 billion of assetappreciation.

Gross inflows during the quarterended March 31 reached £10.54 billion while outflows reached £18.19 billion.

Net outflows for the nine monthsended June 30 amounted to £25.61 billion. Net outflows from equities reached£12.74 billion during the period, while fixed income recorded net outflows of£3.25 billion.

Aberdeen expects some continuingvolatility in British and European equity markets as the political negotiationssurrounding Brexit proceed.