Advertisement
UK markets closed

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • FTSE 250

    19,601.98
    -117.39 (-0.60%)
     

  • AIM

    752.90
    -1.79 (-0.24%)
     

  • GBP/EUR

    1.1651
    +0.0006 (+0.05%)
     

  • GBP/USD

    1.2490
    +0.0027 (+0.22%)
     

  • Bitcoin GBP

    51,319.93
    -383.89 (-0.74%)
     

  • CMC Crypto 200

    1,381.86
    -0.72 (-0.05%)
     

  • S&P 500

    5,016.88
    -54.75 (-1.08%)
     

  • DOW

    37,907.23
    -553.69 (-1.44%)
     

  • CRUDE OIL

    82.52
    -0.29 (-0.35%)
     

  • GOLD FUTURES

    2,342.10
    +3.70 (+0.16%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • CAC 40

    8,016.65
    -75.21 (-0.93%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

BUZZ-Aberdeen Asset Mgmt: sticking it out in Asia & EM

Reuters - UK Focus

Aberdeen Asset Management (Other OTC: ABDNF - news) shares have their best day of the year following the company's trading update.

** Facing outflows and cutting costs. More than 4 billion pounds in first quarter) but money leaving slowed in March.

** Asia & EM equity funds the main culprits.

** Aberdeen's preferred strategy of sticking to its large positions and trading around them has served the firm well in the past but likely hurt the firm last year.

** In 2013 it appears to have missed out on the handful of EM/Asia outperforming stocks such as China internet or Macau gaming. Neither appear in the latest updated fund fact sheets.

** If the current shift in sentiment towards EM sustains, however, Aberdeen's large positions in the likes of Samsung Electronics and China Mobile (Berlin: CTM.BE - news) may pay off. (Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)