Aberdeen's 1,400% man in Asia on why his heart is in active funds

Singapore

HUGH Young understands the appeal of passive investing - it's one of the faster-growing offerings at his firm, Aberdeen Asset Management Plc. But that doesn't mean he likes it.

"My heart isn't in it," says Mr Young, who co-founded Aberdeen's Asia business in 1992 and has trounced the region's benchmark index with his flagship equity fund over the past three decades.