Aberdeen's Asia chief defends antipathy to A shares
Hugh Young, Aberdeen AM's Asia head, says he remains averse to investing in China A shares because of what he sees as poor-quality firms. But he admits that sitting out the equity boom has hit returns.
Aberdeen Asset Management has defended its continued antipathy to China A shares, despite seeing Shanghai equity prices more than double over the past year.
The asset manager’s Asia chief cited perceived poor quality of companies in the mainland A-share market, but said that sitting out the boom has hit its returns.
Meanwhile Aberdeen’s CEO has admitted that the fund house’s overall performance has been disappointing recently, but maintained his commitment to value stocks.
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