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$400 Billion Fund Manager Is Bullish on Trump-Proof India

  • Demonetization shouldn’t affect long-term prospects: Young
  • Moody’s looking at sustainable reduction in government debt
Hugh Young, managing director of Aberdeen Asset Management Asia.

Hugh Young, managing director of Aberdeen Asset Management Asia.

Photographer: Nicky Loh/Bloomberg

India trailing Spain on the sovereign ratings tables makes no sense to Aberdeen Asset Management Plc, which calls the delay in acknowledging the Asian economy’s improving outlook staggering.  

With India “isolated” and less threatened by possible protectionist measures by U.S. President Donald Trump, Aberdeen is overweight on the country and its local companies, said Hugh Young, the firm’s Singapore-based Asia managing director, who helps oversees assets of $400 billion.