When the last time I wrote about Abrdn (LSE: ABDN) The price of shares on December 20, I was very shaky FTSE 250 Investment manager. It was a textbook case of destruction of value since the unfortunate connection 2017.

What a monthly difference. Abbdna’s actions suddenly returned from the dead, after climbing 10% in January. Is this the beginning of the long -awaited recovery or just another false dawn?

Let’s not get carried away. The shares fell by 9% in one year and almost 50% in five years. But the last month suggests that investors see reasons again to be cheerful.

FTSE Financials is fighting

I noticed the revival of interest for British financial shares, because investors provide for falling inflation and interest rates. My personal pieces in the sector, FTSE 100 Asset managers Legal and general group AND M & GBoth increased by 6% in January.

The revival of Abbdna is not caused by the change of sector. Investors also reacted to positive Q4 results, published on January 15. Finally there were really encouraging signs.

Managed and administrative assets increased by 3% in 2024 to 511 billion pounds, which helped 1% profit in the fourth quarter.

In particular, the group’s investment department, has long been a source of painful drains, has noted the net influx in the last quarter.

Institutional and retail richness returned to a net influx of 300 million GBP per year, which is a huge improvement compared to a net outflow of 17.9 billion GBP in 2023.

Interactive Investor, The Star Performer in the Abdn portfolio, is still shining. The number of customers increased by 8% to 439,000 in 2024. Net influence almost doubled to 5.7 billion GBP, which proves that this is an smart takeover.

Abdn still has a battle on his arms. The advisors’ platform remains on a rack, with $ 3.9 billion last year. Capital flows remain a problem, especially in Asia and emerging markets, where the conditions remain arduous.

Stunning income rate

Finally there is a dividend. At 9.4%it is one of the most attractive crops on FTSE 250. Abdn was frozen by 14.6 pens per share for four years. Shareholders are covered only once with earnings, maybe less.

I am sure that the board will want to not cut it out, especially when things look like receiving. But this cannot be ruled out. The Council insists that his cost transformation program will ensure “A solid base from which you can grow”.

I hope for a number of interest rate discounts in 2025. If we get them, it may breathe a fresh life in financial campaigns. The Bank of England is expected to reduce the basic rates to 4.75% on Thursday, February 6. Then, as he guesses. But the high performance of Abbdna will look even more attractive if cash and bond returns fall.

Actions in Great Britain can regain their favor after the turn of AI Deepseek, he rattled American technological giants, which prompted the investors to look at the FTSE dividend payers.

Everything looks, but we were here before with Abdn. Personally, I will stick to the legal and general and M&G. But I’m intrigued to see how Abdn is going on. There is still life in this.