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Bloomberg

Standard Life Investments, Edinburgh's biggest fund company, picked a Chinese online fashion retailer among its stocks to boost returns.
Vipshop Holdings "still has some way to go" as internet use in the world's most populous country proliferated, said Mikhail Zverev, the head of global equities at Standard Life.
The Guangzhou-based company's share price in New York almost tripled this year.
"Their business model has gone from strength to strength," said Zverev. "We are surprised at how quickly the Chinese market is transitioning to all things digital."
Zverev runs Standard Life's Global Equity Unconstrained Fund and co-manages its Global Equities Fund.
The unconstrained fund returned 11 per cent this year, data showed, compared with an average return of 15 per cent for its peers. The MSCI All-Country World Index, a broad measure of developed stock markets, gained 3.6 per cent so far this year.
Other holdings Zverev highlighted include Tata Motors, India's biggest carmaker. Standard Life's bet on the company focused on technical innovations, new products and demand for sports utility vehicles in emerging markets, he said.
Tata shares advanced 42 per cent this year, compared with a 1.6 per cent drop in the MSCI Emerging Markets Index.
Standard Life also expects a recovery by Barclays, the British bank whose performance has been overshadowed by probes into currency markets. It has dropped 10 per cent this year.
"The core commercial banking franchise is profitable and very valuable and is obscured by the investment bank, which has a lot of investor concern associated with it," Zverev said. "Management seems to be very committed to efficiencies and cost-cutting, and this will come through."
He also holds shares in Avago Technologies, a US maker of semiconductor products. The company benefited as phone carriers upgraded to 4G networks, boosting demand for its Fbar filters.
Two years ago, Zverev named 51job, an online recruiter in China, and Prada, the Italian maker of US$3,290 handbags, among his top picks.
Shares in Prada have slumped 28 per cent this year, extending a 6.7 per cent drop from 2013. The company reported a 21 per cent decline in first-half profit. 51job has jumped 52 per cent in the US since the end of 2012.


Standard Life bullish on Chinese online fashion retailer Vipshop

Standard Life Investments picked a Chinese online fashion retailer among its stocks to boost returns.

Business

Money

Markets & Investing

Standard Life Investments, Edinburgh's biggest fund company, picked a Chinese online fashion retailer among its stocks to boost returns.


Standard Life bullish on Chinese online fashion retailer Vipshop

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Standard Life Investments, Edinburgh's biggest fund company, picked a Chinese online fashion retailer among its stocks to boost returns.

Standard Life Investments, Edinburgh's biggest fund company, picked a Chinese online fashion retailer among its stocks to boost returns.