Aberdeen Asset Management had assets worth £307.3 billion under management at the end of June 2015, a slight decline on £330.6 billion at the end of March.

The company’s chief executive said its “strong balance sheet” would help it continue to meet the needs of its clients over the next year.

Aberdeen saw net outflows of £9.9 billion during the quarter as institutional investors continued to reduce exposure to Asia and emerging markets equities.

Martin Gilbert, chief executive of Aberdeen, said: “Our strategy for diversification has progressed further during the period. We have launched a number of new products in our Solutions business, completed the purchase of the remaining stake in Aberdeen SVG Private Equity, and announced the acquisition of FLAG Capital Management.

“Market and FX movements together with low margin outflows from certain fixed income and solutions clients accounted for a large proportion of the decline in AuM. In addition, macro-economic factors and investor sentiment towards Asia and emerging markets continued to weigh on equity flows. Despite this the long term investment case for Asia and emerging markets is unchanged and we believe that committed investors will be rewarded over time.

“Our rigorous investment process and diverse product range, combined with effective cost management and a strong balance sheet enables us to continue to provide long-term solutions to meet the needs of our clients.”

The trading statement adds: “As we have seen in recent weeks, markets remain susceptible to policy-led economic factors, although we have seen some recovery in mid-July.

“Against this background, our strong balance sheet and continued discipline in managing costs provide us with resilience during a more challenging period for the company.

“Our focus continues to be on investing for long term returns, as we believe this is the approach which will serve our clients best.”