Aberdeen Asset Management set to make acquisitions

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Aberdeen Asset Management is likely to make four or five smaller acquisitions in 2016, its CEO said, once a downturn in its key Asian and emerging markets ends.

Reuters reports that the firm's shares have slid 25% since the start of the year, hit by investor aversion to emerging markets amid concerns over global growth and the impact of an impending rise in U.S. interest rates.

Aberdeen has subsequently rebuffed claims it was looking for a buyer and instead CEO Martin Gilbert said he was planning more acquisitions, as the firm looks to diversify its operations further after a string of deals earlier this year.

To access the complete Reuters article hit the link below:

Aberdeen CEO eyes four or five smaller acquisitions in 2016

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