Aberdeen Asia Pacific A Accumulation
HL comment
Our view on this Fund
This fund has proven resilient compared to its peers. Its low exposure to China, which has been one of the biggest decliners this year, has helped. Even though India proved volatile at the start of the year, Hugh Young’s cautious approach has held the fund in good stead. He expects market sentiment to remain swayed by the unfolding crisis in credit markets although notes that Asia has very little actual exposure to the main concerns.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Aberdeen
Our view on this Fund Management Group as a whole
Aberdeen Unit Trust Managers Limited is a wholly owned subsidiary of Aberdeen Asset Management PLC, which is listed on the London Stock Exchange. They offer a range of investments covering the major stock and bond markets of the world, and currently manage in excess of £80.4 billion worth of assets. The group is making efforts to deliver more consistent performance across their range of funds. The company operates an extensive share ownership scheme, and the fund managers may receive discretionary bonuses based on the contribution to the overall team based approach and the performance of their respective funds.
13-09-2007
HL sector comment: Asia Pacific Ex Japan
Our view on this sector
China and India have performed poorly this year despite still boasting strong positive GDP growth. The big concern for China especially is that as the economies of the Western world slow, there will be less demand for goods made in these countries. Over the longer term, however, we continue to believe that these and the wider emerging and Asian markets have good prospects for capital growth.
20-11-2008