For Jardine Fleming, India is Asia's best
by Venkatesan Vembu/ DNA Money
When a runaway stock index trebles in three years and breaches newer and higher milestones ever so often - as the Sensex has done - it of course gives cause for cheer.
But it also occasions concern among investors that it might be harder and harder to sustain the growth momentum and to find stocks with undiscovered value.
However, that concern is easily overcome if you’re convinced about India’s long-term growth prospects and your investment philosophy mirrors that conviction, and you’re therefore able to put your money where your faith is. It is such a level of conviction that has led Jardine Fleming Asset Management to characterise India as “Asia’s best long-term growth story.”
In an interview to DNA Money in Hong Kong, Jardine Fleming India Fund investment manager Rukshad Shroff noted that although after three breathless years of a bull run, the Indian stock market isn’t “outright cheap - and in some pockets it may even be expensive”, it was still possible to find value stocks with a bottom-up stock-picking strategy.
Click here for the excerpts.
- For the report on India: Asia's Best Long Term Growth Story by Jardine Fleming click here.
