$385 BILLION FUND CHIEF: India is the most attractive emerging market
Martin Gilbert is the cofounder and CEO of Aberdeen Asset Management, a $385 billion UK-based money manager.
The fund giant specializes 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 ($750 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 favorably with developed market government bonds, that sort of 1 percent, 1-2%. So India, I suppose, is the real story in terms of growth globally at the moment.
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