Aberdeen Asset Management, which raised £119m (€133m) from shareholders today to finance an acquisition of units from RBS Asset Management, reported net outflows from its fixed-income and money market businesses over the three months to the end of December.

Aberdeen said its assets under management declined over the three months, from £146.2bn to £144.1bn, after rising markets and net inflows of £3.4bn into its equities strategies were more than offset by net outflows of £3.4bn from its fixed income business, and £2.9bn from its money market funds.