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Aberdeen turns bullish on India
Declining valuations after funds pull money out to chase better returns in China have made country more attractive
Add BT as a preferred sourcePublished Fri, Jun 19, 2015 · 09:50 PM
Mumbai
EIGHT months after calling India's stock rally overdone, Aberdeen Asset Management plc is finding value in Asia's third-worst performer this year. The reason: China.
The UK's second-largest publicly traded money manager by market value says the Asian nation's shares are attractive now after funds pulled money out to chase better returns in China. The S&P BSE Sensex index is now valued at a 33 per cent premium to the MSCI BRIC Index, near the least in almost six years. The Shanghai Composite Index has more than doubled in 12 months.
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