Edinburgh Dragon Trust's Gillan bullish on Asia growth prospects

Edinburgh Dragon Trust's Andrew Gillan has warned Asia's rapid growth will slow over the rest of this year, but is confident in the market's long-term prospects.

The senior investment manager for Aberdeen Asset Management Asia said China’s fiscal tightening could hamper growth in Asian economies. “Asia has survived the financial crisis remarkably well, but growth rates are likely to slow for the remainder of this year because of China’s tightening measures and continued weakness in the West,” said Gillan. The manager is struggling to find value in the Chinese market and is subsequently underweight. However, Gillan said he will look to boost Chinese exposure in the £262m Edinburgh Dragon Trust when valuations become more attractive. “We p...