Russia's military intervention in Georgia has left Aberdeen Asset Management's perceptions of the market broadly unchanged.
The company remains underweight Russia due to issues of corporate governance and a lack of quality companies, rather than for reasons of geo-politics. Devan Kaloo, head of global emerging market equities at Aberdeen, said: "Russia has been in the news in the past few days because of the events in Georgia, but recent headlines haven't really affected our view of investing in the country. "We have been significantly underweight Russia for some years, largely due to concerns regarding corporate governance, financial disclosure, treatment of minorities and the growing role of the state i...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes