Aberdeen Asset Management has reported full-year profits down almost 30% to £352 million, with £33 billion pulled from its funds by investors wary of emerging markets — a stance that chief executive Martin Gilbert warned may continue under US President Donald Trump.

Revenues fell 14% to almost exactly £1 billion for the year ended September 30, the company said in its results statement on November 28. This was primarily due to lower management fees, as investors pulled cash from Aberdeen's chiefly emerging markets focused funds during the 12 months.