Aberdeen caution amid volatility brings top-decile returns

Massive underweight to expensive US market forms basis of defensive stance that has driven returns of group's global equity portfolio

Aberdeen's World Equity portfolio has benefitted from a cautious stance amid recent volatile markets, primarily a huge US underweight, reporting top-decile numbers over three years. The 13-strong global equity team is led by Stephen Docherty, with Bruce Stout a senior investment manager on the fund. This division manages around £5bn in assets and aims to add value by capitalising on the bottom-up research and company visits undertaken by Aberdeen's regional investment managers around the world. These regionally based analysts focus only on attractively valued, good-quality companies a...