The Indian equity market has fallen 18% and seen a $1.5bn outflow of foreign investment since the start of the year as inflation fears drive investors back to developed markets.
The track record of active managers is being dragged down by the growing number of quasi-tracker funds in their peer group, according to recent research from the Yale School of Management.
The Aberdeen multi-management team has begun to build up exposure to developed regions, with a skew towards UK equity funds.
Fidelity's veteran manager Anthony Bolton has hit back at Aberdeen's head of equities Hugh Young, who says he is struggling to find quality, well-run companies on the Chinese mainland.
Aberdeen's Hugh Young is running a heavy underweight to China as he says bad management is prevalent among mainland Chinese companies.
China faces significant problems as inflation and property prices look set to form a bubble, says Hugh Young at Aberdeen Asset Management.
Matthew Cobon has joined Threadneedle asa fixed income fund manager within the firm's developed government and currency team, led by Quentin Fitzsimmons.