Investment group backs local equities
Eli Greenblat
Aberdeen Leaders, a listed investment company part of the global Aberdeen Group with more than $210 billion in assets under management, will bump up its gearing to invest more in Australian equities if there is a big slump in share prices.
Mark Daniels, head of Australian equities for Aberdeen Asset Management, said the locally listed trust could push its gearing levels from the current 18 per cent to as high as 30 per cent.
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