The eurozone debt crisis has forced the managers of the Waverton Asia Pacific fund to abandon their growth strategy in favour of defensive stocks after a dire period for performance.
US treasury secretary Timothy Geithner has urged Asia-Pacific countries to ramp up their efforts to restore growth in the global economy.
First State Asia Pacific Leaders manager runs chunky underweight to Chinese equities ahead of expected pull-back.
Group gives Gait and Paul freedom to invest up to 20% in stocks listed outside region.
Richard Evans, co-manager of the £204m Martin Currie Asia Pacific fund, will leave the firm and the fund management industry at the end of September.
The outlook for the global economy may not be as bad as it appears, says Peter Allwright, portfolio manager at RWC Partners.
Aberdeen is converting one of its Asian bond funds into a short duration product due to rising demand for the strategy.