Preview
In recent years, India has emerged as a pivotal player in the landscape of emerging market (EM) equities. The past decade and a half has seen India grow tremendously, positioning it to significantly steer the future trajectory of the asset class.
There are a lot of people coming into the middle class and I really feel that India is at tipping point.”
In this paper, we examine India's transformative journey and the structural changes propelling its rise. The growth driven by these changes has the potential to fuel enhanced consumption and innovation across many sectors:
- India’s journey to be a key component of EM equities.
- India’s journey is far from complete.
- How can investors tap into India’s growth, in the financial and consumer sectors?
- Examining the attractive opportunities.
[Prime Minister Narendra Modi] and India are in an analogous position to Deng Xiaoping and China in the early 1990s – i.e. at the brink of the fastest growth rates and biggest transformations in the world.”
We believe India’s journey is far from complete; with superior earnings growth forecasted for the coming years, Indian companies are poised to drive forward the broader asset class, promising exciting opportunities for investors.
WHAT ARE THE RISKS?
All investments involve risks, including possible loss of principal. Past performance is no guarantee of future results. Please note that an investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
Equity securities are subject to price fluctuation and possible loss of principal. Large-capitalization companies may fall out of favor with investors based on market and economic conditions. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks.
International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets.
Commodities and currencies contain heightened risk that include market, political, regulatory, and natural conditions and may not be suitable for all investors.
There are special risks associated with investments in China, Hong Kong and Taiwan, including less liquidity, expropriation, confiscatory taxation, international trade tensions, nationalization, and exchange control regulations and rapid inflation, all of which can negatively impact the fund. Investments in Taiwan could be adversely affected by its political and economic relationship with China.