Aberdeen Asset Management increased assets under management by 6 per cent in the three months to June 30, despite turmoil in financial markets, and identified more than £50m of cost savings to help it weather further expected turbulence.

Assets under management rose from £107.3bn at March 31 to £113.7bn at June 30, including £7.3bn of property assets from the acquisition of Goodman Property Investors at the end of May.