It’s a tough market for fundamentally driven, bottom-up stock pickers. Central banks’ monetary easing has pumped up valuations, while deflation is undermining earnings growth. Hugh Young, who helped set up Aberdeen Asia’s business in 1992, is a veteran portfolio manager with a long-term perspective he still holds some stocks from that inaugural year. He argues that patience wins out against fads, even in the technology sector.
FA How do you look back on more than two decades of investing in Asian markets
Hugh Young In some senses the markets are very similar to 1992. We still have some of the same holdings we bought in 1992. We’ve...
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