Aberdeen Asset Management
Assets under management £331.2bn
When even seasoned fund managers such as Aberdeen Asset Management worry about why the markets are where they are, we should all be concerned. Martin Gilbert, its chief executive, says that markets seem curiously unfazed over the geopolitical situation — and the potential for it to get significantly worse.
The answer to this apparent mismatch, of course, and one rehearsed by this column many times, is that equities are the least worst place to be, with bond yields and interest rates still at all-time lows. Aberdeen shares, down ½p at 399p on a so-so trading update, yield 4.4 per cent on the expected dividend for the financial year to the end of September, and that dividend looks set