India in the spotlight
By International Adviser, 11 Nov 15
Samir Mehta, manager of JO Hambro’s Asia ex-Japan Fund, gives his observations from a recent research trip to India, a market which is a large overweight in his portfolio.
I have had significant investment exposure to India within the portfolio since 2012. While it still remains a large part of our fund, I have pared our exposure in the past couple of months.
Respect for the cost of capital in the long run and significant barriers to entry allow good businesses to flourish.
But in the past 12-18 months almost every Asian or emerging market-focused fund manager has started to sing from the same hymnal. That makes me nervous.
To see Samir Mehta’s observations on investment in India click on the arrow on the image above.
