Baring Asset Management is to launch a Dublin-based fund based on the investment themes of a fast-developing upper middle and high-class consumer segments, low personal and national debt, and extensive government spending.
The fund will be managed by Barings’ Head of Indian Equities, Ajay Argal, who recently joined Barings from Biria Sun Life in Mumba. Based in Hong Kong, Argal will focus on Indian equities and equity-related securities of companies listed in India, or which carry out the predominant part of their economic activity there. This will account for at least 70% of the fund at any time, leaving the remaining 30% for investment in companies listed outside India and within the Indian subcontinent, yet still conducting a significant proportion of their business within India. The fund will have a r...
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