Aberdeen Asia fund gets AA S&P rating

Aberdeen's Asia Pacific unit trust, managed by Hugh Young, has received an AA rating from Standard & Poor's. The portfolio has outperformed the sector median in three of the past four calendar years and ranked top decile in 2000 and 2001. The fund previously held an AA rating but dropped out of the S&P review in May 2000, after failing to pass the quantitative screen due to its unwillingness to gain exposure to the tech, media and telecom bubble. S&P said that in retrospect this highlights the disciplined stock-picking approach used by Young, focusing on quality growth stocks. The ...