Ben Willis, the head of research at UK based Whitechurch Securities, says the Indian market tends to be dominated by a few large companies. Hence, he recommends buying actively managed exposure rather than a tracker or exchange traded fund:
“The way we access it is through the Aberdeen New India Investment Trust. We did hold the First State Indian Subcontinent fund as well but that is now closed to new money. If investors are reticent about buying into India directly, there are a number of Asia Pacific managers who are heavily weighted to the market, for example the First State Asia Pacific Leaders fund… Obviously the election has had a massive impact on the desirability for Indian equities but it is a market where you have to take a long-term view because of its volatility.”
To read the whole article, Why Aberdeen thinks India will surpass China for growth, go to the website of FE Trustnet. In addition, check out our India ADR page for India stocks trading on US exchanges.
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