Aberdeen Asset Management (AAM) said yesterday the performance of its shares during 2011 outshone its listed peers for a second consecutive year.
AAM’s stock rose by 4% in value last year, giving a total shareholder return (TSR) – growth plus dividend – of 9%.
According to AAM, the next best TSR for a listed asset manager in 2011 was Ashmore Group’s 4% rise.
FTSE All Share indices fell by 7% in value last year, with overall TSR down 3%.
Meanwhile, AAM has its annual meeting in the Marcliffe Hotel, Aberdeen, at noon on Thursday, January 19.