Aberdeen Asset Management on Monday published a fairly gloomy forecast for 2013, complete with a warning that investors aren’t likely to find much cheer even in emerging markets.
But the fund manager still backed equities over bonds, pointing out that despite the poor global economic outlook companies were generally in “very good shape”. Just a matter of picking the right stocks, we suppose.
Aberdeen, which simultaneously issued a solid sets of financial results for the year to the end of September, said in its outlook statement:
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