India is left unaffected by Pakistan's military coup

The recent bloodless coup in Pakistan is not affecting investment prospects in either Pakistan or neighbouring India, according to emerging markets fund managers Both Stewart Ivory and Fleming Asset Management have no exposure to Pakistan, due to liquidity problems. Likewise, both have holdings in India but do not expect the coup will put negative pressure on that market by further escalating tensions David Gait, from the emerging markets team at Stewart Ivory, says investment prospects in Pakistan are unlikely to change as a result of the coup. Recent claims by General Pervez Musharraf,...