abrdn's Kirsty Desson: Why we sold Dolby in favour of Asics

abrdn manager lists recent changes

clock • 4 min read
Kirsty Desson of abrdn
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Kirsty Desson of abrdn

The global shakeup in equity markets caused by staggering levels of inflation have caused Kirsty Desson to fully reassess her ASI Global Smaller Companies fund’s positioning.

Coming into 2022, Desson said that like many investors, she anticipated there would be the usual, slight pullback in equities and that her inflation outlook was in line with the US Federal Reserve's that it would be "temporary". But this was disrupted by the "very sharp drawdown" at the start of the year and markets beginning to price in several rate hikes on the back of inflation continuing to rise. "And then the Ukraine situation happened and that has changed our view of the world, turned it on its head," Desson explained. abrdn reports revenue increase of 6% for first time since me...

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