What is your take on India?
Ashburton has been actively investing in Indian equity markets for almost 20 years.
It has not been a straightforward path, but a combination of strong demographic factors enhanced by the introduction of a strongly mandated government with a clear reform agenda has transformed the outlook.
India is now a trillion-dollar economy with GDP likely to grow upwards of 7% for the next few years.
India’s sizeable and rapidly growing domestic market, well regulated financial markets, large English speaking population and increasing global presence in sectors such as information technology make it an attractive prospect for investors.
Western-style consumerism is rising rapidly as more people enter the workforce and join the growing middle-classes.
The strength of domestic consumption makes India less vulnerable to external shocks and pressures than other emerging markets.
The country benefits from a highly regulated banking system.
Our approach to India is characterised by a focus on quality companies with good corporate governance.
When combined with the positive structural drivers at work, this has proved a rewarding strategy.
Performance has been stellar since we launched our funds.
Tell me about the importance of your Dubai office within the group?
Our emerging market product range is built around FirstRand Group’s strategy of taking advantage of the trade and investment links between Africa, India and China.
In this respect, the Middle East is therefore an important junction for us.
