Hugh Young, the managing director of Aberdeen Asset Management in Asia, has told FTAdviser (Emerging markets turnaround underway: Young) there is a turnaround in sentiment in Asia and emerging markets as investors dip their toes back into the region following years of underperformance.
FTAdviser noted that emerging market funds have now seen five consecutive weeks of net new money flowing in, a sharp contrast to the 22 consecutive weeks of outflows seen previously.
Young also commented that the Aberdeen team had “held our nerve” during the periods underperformance and topped up their preferred stocks at cheaper levels with those companies had recently “bounced back.”
HOWEVER, Young has long been known for his bearish approach to Chinese equities and says that the state of the Chinese economy is a “mixed picture” plus he highlighted the financial system as a “big concern.”
Read the whole article, Emerging markets turnaround underway: Young, on the website of FTAdviser.
Similar Posts:
- Aberdeen Asset Management’s China Update
- Why Chinese Apps Are the Favorites of Young Americans (WSJ)
- Chart: Asia GDP Per Capita Has Risen Sharply Since 1960 (Aberdeen)
- Aberdeen CIO: India Will Surpass China for Growth (FE Trustnet)
- ‘Once-in-a-lifetime Opportunity’: How a Mass Lockdown at the World’s Biggest iPhone Factory is India’s Big Chance to Beat out China as Apple’s Favorite Supplier (Fortune)
- YPO CEO Survey: Asia CEO Confidence at 2-year Low (YPO)
- Investors Are Returning to Emerging Markets in Asia But Indonesia Looks Risky (CNBC)
- Understanding China’s Onshore Equity Market Rally (KraneShares)
- China, IMF Bailouts for Poorer States Ease Bearish Sentiment Towards Emerging Markets (SCMP)
- Deutsche Bank: Emerging Market Rally is a False Dawn (Barron’s)
- China’s Mutual Funds Industry Now the Second Biggest in Asia (The Asset)
- Despite £8.8bn in Fund Outflows, Aberdeen Says “Pick Up in Sentiment” For Emerging Markets (FTAdviser)
- China Investing in the Year of the Dog (GAM Investments)
- China’s Renminbi is Rapidly Displacing the US Dollar as a Trading Currency (FT)
- Are There Greater Opportunities In Asia’s Frontier Markets Than in China? (FT)
