Aberdeen mulls second QFII application, product launches

Unlike many of its peers, Aberdeen Asset Management is not trying hard to attract big flows into its $70 billion of Asian equity AUM. It is more focused on increasing the cost efficiency of its current set-up and boosting its fixed income AUM from a relatively lower base. That said, Hugh Young, Singapore-based head of equities and managing director for Asia, doesn't rule out new equity product launches down the line. For example, if the firm were to obtain a new qualified foreig…