Aberdeen Asset Management

Aberdeen Asset Management's Hugh Young continues to be heavily underweight Japan, despite the country enjoying its fastest period of growth for over two years.

In what has been an extraordinary year for global equity markets, sterling investors have profited most from staying at home.

Aberdeen Asset Management is soft closing its £952m Emerging Markets fund to both retail and institutional investors.

It appears memories of the fateful events of 12 months ago have faded fast. Consumer confidence is improving, some major economies have started to recover, and some banks are paying big bonuses again. It is as if we have awoken after a bad dream.

The S&P 500 has risen more than 40% since the lows witnessed earlier this year.

Japan's economy expanded 0.9% in the second quarter compared to the previous one, lifting hopes that it may be recovering after four quarters of contraction.

PSigma's Bill Mott has unveiled initial plans to revamp his four Aberdeen funds, as the manager re-unites with his former Credit Suisse income mandates.

F&C has added Nevsky Global Emerging Markets to its Lifestyle Growth portfolio and multi-manager Growth and Balanced funds.

Aberdeen has continued to see strong outflows in the second quarter, despite redemptions from its fixed income funds slowing during the period.

Premier Asset Management has bought the management contracts of 10 UK Oeic funds acquired by Aberdeen in its recent takeover of Credit Suisse Asset Management.