Aberdeen saw the impact of heightened volatility towards the end of 1Q26 as well as a stark recovery post period end, with AuMA having recovered to c£573bn. Whilst Group net flows were negative, we believe this as well as the overall volatility impact during the period masked the strong progress within interactive investor. We make minor changes to our AuMA forecasts and reflect the better cash balances as well as trading activity within interactive investor, driving c1% adj. EPS upgrades for FY ....
