Wall of client money heads for India

According to Lipper, in the period since the turn of the year to July 1, the BSE Sensex index - which comprises the 30 largest and most actively traded stocks in India - fell by 37.3pc, wiping off almost half of the growth of the past five years. However, many advisers appear keen to take advantage of this drop off in valuations. 56pc of those questioned in the Professional Adviser Panel survey picked out India as a prime investment destination over the next 6-12 months (see page 31), making it more popular than even energy, commodities, ethically-focused funds and other emerging markets, ...