Aberdeen Asset Management

In the latest Conjecture debate, our panelists from Aberdeen Asset Management, Rathbone Unit Trust Management and S&P Capital IQ discussed Economic Outlook.

Aberdeen Asset Management led the FTSE 100 leader board in afternoon trading after a trading update showed assets under management had soared by over 5% in two months.

Hugh Young is steering clear of opportunities in frontier markets over fears of a repeat of the collapse seen in Vietnam in 2009.

Aberdeen is changing the mandate of the Edinburgh US Tracker investment trust, moving it from a passive to an actively managed US equity income portfolio.

Aberdeen is taking on the management of two emerging market Credit Suisse funds, which will be merged into existing offshore portfolios run by Devan Kaloo and Brett Diment.

In the latest Conjecture debate, our panelists from Aberdeen Asset Management, MFS Investment Management, S&P Capital IQ and Threadneedle Investments discussed UK Equity.

Poor results from companies such as Unilever, AstraZeneca and Shell last week showed the valuation gap between defensives and cyclicals is closing in a "vicious" fashion, according to JO Hambro Capital Management's James Lowen.

CHINA

Aberdeen Asset Management CEO Martin Gilbert and group head of equities Hugh Young have sold shares in the business for a combined total of over £6m.

Aberdeen Asset Management is preparing a global small-cap equities fund for Stephen Docherty, Investment Week understands.