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Scotland volatility dies after Friday - Aberdeen Asset Mgmt

Thursday, September 18, 2014 - 04:34

Market reaction to the uncertainty over Scotland is overblown and Aberdeen Asset Management Chief Investment Office Anne Richards says she's not expecting any big reallocation of client funds.

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Let's start and -- on the way. And by all accounts still too close to coal and Richardson CIO Aberdeen Asset Management Europe's biggest independent investment group are nastier and -- in this wonderful assessing them. Which -- things that I think if you follow the money you would say 80% plus chance but it's going to be you know. That -- notice a big swing votes in the aftermath of the bunch of people never voted before though could go either way do you agree that yes well on down to use them. I think is a likelihood that will be some -- -- Friday but I think. Probably been overdone it extends it to an extent that's like that. Volatility on Friday and then -- Suspect it probably will dissipate to because if you look at Scotland in the context of why did you political landscape. There's a lot of other very big things which we'll come back and regain -- okay. And I narrowed notebooks you're not warrant about a -- No vote in -- in a British context will leads to quite often angst and soul searching. And they'll be certain Anthony UK contacts them to -- around the politics but in terms of impact that market. Again I think -- -- -- quite quick. Given that you that what what you're saying you'll clients. In the event of us are you saying. Hold on stick with -- don't change much so it because. If you know we aren't long term investors in terms of what we do in portfolios we tend to ignore the short term illnesses. We have an eighteen month period in the event that is -- -- an eighteen month period in which some of the bigger questions. And I think through that he -- you seen. The position. Of the negotiators. Begin to shift slightly because you you and you parents and you go from a fishing black. And you're trying to avoid -- yes vote 21 where there is that it is what it is we have to make the best outcome for both bits of the McCain. Scenes over the loss months money. Not on the back of referendum. That would be experience. And I think there's been a lot of discussion about that clearly there's been a little bit of elevation of the numbers ankles. But in terms of meaningful -- and I mean the sense I'm getting. As far as I'm concerned about I think we I think we acknowledge that -- yes vote -- a sense that there will be some short term. -- flick that comes in the answer to that we don't think when you meet him and Aberdeen is gonna stick with its headquarters in Scotland. So our -- -- the if -- recent reason to change headquarters. And if if there is -- need for us. In the context of those associations. To look at where certain funds into this -- the nature of course that would mean primary focus is to protect its interests. But it will we see no need. That consideration to. Those days. Yes. What some people cue -- excellent breaking news stops. Does that increase the chances. Of -- At that really interesting question it was second book -- focused -- it but I think probably. Given that Scotland on average is a little bit more pro European. On the UK think I would say. -- maybe have a big impact European market. I think the market will quickly turn its attention to the implications for the general election. In UK. I think with the advent of either yes or no to think -- position in Europe. And the implications of that which has enormous for business and will will start to -- one of the -- Let me finish up with what -- business we prospect in doubles back in January. You had a pretty tough time with emerging markets but you set to -- then it still elected controller and coal for the year as a community can turn. Yes yes it has been I think you've seen quite a strong recovery. And we still like it. The general context of what's going on in every emerging market but in aggregate across across the -- that we like they. Dynamism of the economies of me and the companies that we find investment. And when things -- human and Richards Aberdeen Asset Management that's it from me. I'm axle broke four or not but this is it.

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Scotland volatility dies after Friday - Aberdeen Asset Mgmt

Thursday, September 18, 2014 - 04:34