Aberdeen delivers better-than-expected results - Telegraph Aberdeen generated £36bn of new business during the financial year, with strong demand for its global emerging markets, Asia Pacific and global equity funds, as well as for its higher-margin emerging-market debt products. However, Aberdeen also said outflows totalled £36bn. So, the company's £17bn increase in AUM was wholly correlated to the general rise in markets, with the FTSE 100 gaining just under 12pc during the same period as Aberdeen's financial year. City analysts applauded Monday's figures, with brokers JP Morgan Cazenove and Citigroup reiterating their "buy" recommendations on the fund manager. However, David McCann and James Hamilton, analysts at Numis, argued that Aberdeen is: "not as cheap as it once was and this next leg of organic growth is going to be more difficult to achieve." Abderdeen, which joined the FTSE 100 in March for the first time in its 29-year history, announced a total dividend payment for the year of 11.5p, which was a 28pc increase on last year. Given Aberdeen will go into the next financial year with a cash position of £266.4m, Mr McCann and Mr Hamilton argued they think "the payout ratio can rise significantly above current levels." However, Mr Gilbert said this might be a bit "premature" because Aberdeen hasn't got all of the cash on its balance sheet, yet. He also added there are no current plans to use the money to fund acquisitions. Aberdeen shares closed down 6.7 to 336p as some investors and traders took profits on news of the company's strong results.