2024-02-18 03:58:25 ET
Summary
- India remains one of the most attractive equity markets in the world.
- With a major election on the horizon, positioning via a quality active manager like IIF makes a lot of sense.
- A wider than usual NAV discount and ongoing buybacks add to investors’ safety margin.
In contrast with the downbeat mood this time last year, India is quickly emerging as a consensus emerging market favorite. To some extent, re-rated P/E valuations reflect the improved sentiment. Yet, a lot of capital is still sitting on the sidelines (note Indian stocks saw the biggest monthly foreign outflow in a year last month). Market accessibility and expenses (visible and ‘invisible’) also continue to be major issues for foreign funds looking to invest directly in Indian listings....
Read the full article on Seeking Alpha
For further details see:
IIF: Active Indian Fund Poised To Ride A Catalyst-Rich 2024