SLFPF - abrdn plc (SLFPF) Q1 2024 Sales/Trading Statement Call Transcript
2024-04-24 14:14:01 ET
abrdn plc (SLFPF)
Q1 2024 Sales/Trading Statement Conference Call
April 24, 2024 03:30 AM ET
Company Participant
Stephen Bird - Chief Executive Officer
Jason Windsor - Chief Financial Officer
Conference Call Participants
Nicholas Herman - Citi
Hubert Lam - Bank of America
Bruce Hamilton - Morgan Stanley
Arnaud Giblat - BNP Paribas Exane
Enrico Bolzoni - JPMorgan
Andrew Crean - Autonomous
Mike Werner - UBS
Charles Bendit - Redburn Atlantic
David McCann - Numis
Presentation
Operator
Hello, and welcome to the abrdn Q1 Trading Update Call. There will be some opening remarks from management followed by a Q&A session. [Operator Instructions]
But for now, I would like to turn the call over to Stephen Bird, CEO; and Jason Windsor, CFO.
Stephen Bird
Good morning, everybody. Thank you for joining our Q1 trading update call. We're broadcasting to you from Edinburgh where the sun is in the sky; and it's a fairly short call so it probably will remain for the entire call. I'm joined by Jason Windsor, our CFO who will walk you through the numbers and then we will be taking your questions.
First, I would like to go through some key highlights. We saw AUMA grow by 3% to £508 billion reflecting positive markets across our three businesses and net Group inflows. We are pleased with the continued organic growth in interactive investor with customer numbers up to 414,000 and net inflows of £1.2 billion.
There was strong liquidity inflows within our investments business. Fixed income returned to net inflow, but this was offset by further outflows in equities. In Adviser, we saw net outflows driven by higher redemptions from the platform....
abrdn plc (SLFPF) Q1 2024 Sales/Trading Statement Call Transcript