Aberdeen's Donald Amstad says index funds expose investors to bad companies, with the risks more prevalent in emerging markets such as Asia. Vanguard sets out the opposing view.
Aberdeen’s Asia head of equity dealing notes the difficulty of managing numerous sales trading relationships in the region, and flags changes he’d like to see in other areas.
Aberdeen Asset Management notes interest from a US pension fund in its emerging market corporate bond strategy for the first time – and also tips more Japanese demand.
Fund managers are talking up opportunities in small-cap funds focused on Japan, but it’s a tough sell to European institutions burned by many false dawns.
If the nation’s shadow-banking system blows up, banks will foot the bill, its managers argue. But they see opportunity in HK-domiciled firms exposed to Greater China consumption.
Five people including credit PM Scott Bennett have lost their roles at Aberdeen Asset Management, but the firm is boosting its fixed-income team in other ways.
The positive long-term story overshadows concerns over policy-rate risk and the impact of Europe's sovereign debt crisis, say Kheng-siang Ng of SSgA and Kenneth Akintewe of Aberdeen AM.
Clarence Yang has moved from London to Hong Kong to boost the asset manager's regional focus on governance and socially responsible investment, reinforcing a trend in Asia.