Business ChallengesThe group has faced significant challenges within its asset management business, which has had to navigate high-margin outflows and eroding profitability.
Market ValuationWith the shares having re-rated on growing optimism on the business, a near-term moderation in transactional growth signalled by peers, and ongoing challenges in the investments and advisor divisions, valuation is viewed as full.
Stock PerformanceAberdeen's shares have delivered relatively disappointing returns over the past three years, falling c.12% vs the SXFP's 36% gain.