Can Hermes challenge First State and Aberdeen in Asia?

Can Hermes challenge First State and Aberdeen?

The burgeoning size of the First State Asia Pacific Leaders and Aberdeen Asia Pacific Equity funds in recent years has left investors with a problem.

Both remain open to new money, although the groups have moved to stem flows in to their mammoth Asia and GEM equity franchises, so the likelihood of investors having to look elsewhere for exposure to emerging Asia in the next three years is high. This is not the only reason why some investors might want to move at least some of their money elsewhere. The defensive growth stocks favoured by Angus Tulloch and Hugh Young have had a fantastic time over the past 10 to 15 years, but some experts - including Old Mutual Global Investors' John Ventre - think their best days could be behind them, ...