Trading on Aberdeen's interactive investor Falls 22% From First-Half Peak
By Damian Chmiel
AI summary of the source article
Daily retail trades on Aberdeen Group's interactive investor dropped 22% quarter-over-quarter in the third quarter to 28,100. Despite lower trading volumes, the platform recorded £2.5 billion in net inflows and grew its customer count 8% to 533,000.
Key facts
- interactive investor averaged 28,100 daily retail trades in Q3, down 22% from 36,100 in Q2 but up 6% year-over-year.
- Platform net inflows reached £2.5 billion in Q3, while customer numbers increased 8% to 533,000.
- Aberdeen Group experienced £0.3 billion in total net outflows across the group, finishing September with £578.9 billion in assets under management and administration.
Source excerpt · Finance Magnates
Retail investors on interactive investor (ii) placed 22% fewer trades a day in the third quarter than in the second, owner Aberdeen Group said today (Wednesday). The platform averaged 28,100 daily retail trades, down from 36,100. Money kept coming in. Net inflows reached £2.5 billion (about $3.3 billion), up 32% from £1.9 billion a year earlier, and customer numbers rose 8% to 533,000. London's tr…