August 7, 2019 / 6:10 AM / 12 days ago

Standard Life Aberdeen H1 assets up 5% as market gains offset outflows

LONDON, Aug 7 (Reuters) - British asset manager Standard Life Aberdeen on Wednesday posted a 5% rise in first-half assets under management and administration as market gains more than offset continued net outflows of client cash.

Total assets at the end of the period were 577.5 billion pounds ($702 billion), up from 551.5 billion at the end of December. Positive market moves added 41.2 billion pounds, against net outflows of 15.9 billion pounds.

$1 = 0.8226 pounds Reporting by Simon Jessop, editing by Sinead Cruise

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