Aberdeen Is Loading Up on Stocks And Wants More If Rout Deepens
- Scottish fund manager favors emerging-markets equities
- With low share prices, it's easier to make money: Aberdeen
Aberdeen CEO: Great Buying Opportunity 'If You're Brave'
This article is for subscribers only.
The plunge that has erased as much as $15.8 trillion from global equities is creating a historic buying opportunity for Aberdeen Asset Management Plc.
With stocks near their cheapest prices since 2013, the Scottish asset manager has increased its funds’ exposure to the asset class by between 0.5 percent and 1 percent, its chief investment officer Anne Richardssaid in an interview. And she’s ready to buy more. Among her favorites? Emerging-market shares -- China is still growing strongly and is a positive contributor to the global economy, she said.