2024-07-08 15:04:55 ET
Summary
- IIF is on track for another great year.
- New thematic bets position the fund for future growth.
- For pure total return potential, it's hard to look beyond IIF.
India’s election season may not have yielded a blue-sky scenario for markets (i.e., an overwhelming majority for Prime Minister Narendra Modi), but as it turned out, a policy continuity outcome was more than enough for a post-election rally. The next phase will be trickier, though, as PM Modi, who previously operated with a much bigger majority, will now need to build consensus within his coalition. This adds uncertainty, particularly ahead of a budget announcement that could see this incoming government turn a little less fiscally prudent and a little more populist than before....
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IIF: Among The Fastest Horses In The Indian Race