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Skeptic Aberdeen Turns Bullish on India as Valuations Shrink

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Eight months after calling India’s stock rally overdone, Aberdeen Asset Management Plc is finding value in Asia’s third-worst performer this year. The reason: China.

The U.K.’s second-largest publicly traded money manager by market value says the Asian nation’s shares are attractive now after funds pulled money out to chase better returns in China. The S&P BSE Sensex index is now valued at a 33 percent premium to the MSCI BRIC Index, near the least in almost six years. The Shanghai Composite Index has more than doubled in 12 months.