Mondrian Investment Partners (Mondrian), manager of the Lincoln Far East Fund and the Lincoln Emerging Markets Trust, remains positive about India's long-term growth potential, despite believing the stockmarket is overpriced.
Bob Akester, fund manager of the Lincoln Emerging Markets fund, said: “India’s economy is expected to grow by at least 7% this year but it could do even better with increased spending on infrastructure. Unfortunately, India’s debt to gross domestic product ratio is already very high by international standards at 82% and it continues to rise, making it hard to finance the necessary infrastructure spending.”
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till