Aberdeen dodges debt risks to add £12bn

Aberdeen Asset Management added £11.8bn (€23.7bn) in new funds during the 11 months to the end of August, as the UK fund manager claimed avoidance of US sub-prime mortgages and structured credit products is helping it win new bond mandates.

The £11.8bn in net fund inflows was almost double the £6bn added in the 12 months to the end of September 2006, Aberdeen's full-year reporting period.

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