Increased investment fund flows into Asian markets from US investors diversifying their portfolios w...
Increased investment fund flows into Asian markets from US investors diversifying their portfolios was a major reason Hugh Young's Aberdeen New Dawn investment trust outperformed its benchmark by 17% for the year ended April 2002. Richard Clough, chairman of the trust, said the flow of funds materially impacts smaller equity markets and these have increased as US investors are diversifying into emerging markets, favouring Asia over the troubled Latin America region. On the back of this, in the 12 months to 30 April 2002, New Dawn's NAV rose by 23.4% against a rise of 6.4% in its bench...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes