Martin Gilbert is the cofounder and CEO of Aberdeen Asset Management, a $US385 billion UK-based money manager.
The fund giant specialises in equities, fixed income, alternatives and property. It has announced a merger with UK peer Standard Life, in a deal that would create a group with a combined £581 billion ($US750 billion) in assets under management. Gilbert is due to be co-CEO of the combined group.
Business Insider sat down with Gilbert on Monday May 8, and talked about what’s going on in the economy and the state of the active management industry. Following is a transcript of the video.
MARTIN GILBERT: The most attractive market we see in emerging markets at the moment is India. India quietly grows at 6 or 7% a year, there’s great companies to invest in there, such as HDFC, Unilever, Hindustan, ICICI, and then in the bond market the government bonds, they are dollar denominated government bonds, are yielding 6, 6.5%. Compares very favourably with developed market government bonds, that sort of 1 per cent, 1-2%. So India, I suppose, is the real story in terms of growth globally at the moment.
More from Matt Turner:
- The New York Stock Exchange is slowing down trading for a key market
- Barclays just named a new team at the top of a $US2 billion business
- A $US500 billion investor developed ‘cutting edge’ technology, and now it’s sharing it with rivals
- A 150-year old Canadian bank is muscling in on Wall Street (RY)
- $US385 BILLION FUND CHIEF: Fund managers are miserable
Business Insider Emails & Alerts
Site highlights each day to your inbox.