Ashburton has launched a fund which invests in both China and India.
Ashburton decided to launch the fund as China is expected to grow at a rate of 8% to 10% per annum for the foreseeable future, while a growth rate of 8% per year is projected for India.
Schiessl said: “This growth will be primarily driven by demographics as the working population of both countries is expected to increase by 250m by 2020. Furthermore, reliance on growth from exports is decreasing in both China and India, and consumer demand is growing exponentially as a result of an expanding generation with much higher aspirations. Combined, these two countries will be the second largest economic power in the next 15 years and the opportunities this offers to investors is tremendous.
“The percentage invested in the two countries may fluctuate over time. However, the fund’s benchmark will be 50% MSCI China and 50% MSCI India. We will be following a bottom-up stock selection strategy which will enable us to carefully pick the companies and sectors which we believe deliver the best growth at a reasonable price. We will not be constrained by the benchmark as an unconstrained, actively managed approach is ideally suited to the success of such a fund.”
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