Asset managers play it safe despite cheap valuations

Amid the market turmoil on worries over the eurozone debt crisis, markets in Asia have come under pressure, as investors moved away from equities in search of safe havens. Mr Hugh Young, managing director of Aberdeen Asset Management, and Mr Gerard Lee, CEO of Lion Global Investors share their views on asset management in Asia . [They were speaking at the  Asset Management Conference organised by the Sim Kee Boon Institute for Financial Economics at SMU].