Baring India Fund
as of 19/12/2017
Share Class Info
|Share Class||Class A USD Acc|
|Accumulating / Distributing||Accumulative|
|Share Class Inception Date||07/12/2011|
This fund closed on December 19, 2017. Please contact your advisor with any queries.
Summary fund objective
The objective of the Fund is to achieve long-term capital growth by investing in India. The Fund will seek to achieve its investment objective by investing at least 70% of its total assets at any one time in Indian equities and equity-related securities of companies who are themselves, or whose underlying equities are, domiciled in or exercising the predominant part of their economic activity in India, or which are quoted or traded on the stock exchanges in India. Up to 30% may be invested outside India within the Indian subcontinent. For the full investment objective and policy, please see the prospectus.
Glossary of common investment terms
Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. Past performance is not a guide to future performance.
This is not an offer to sell or an invitation to apply for any product or service of Baring Asset Management and is by way of information only. Before investing in any product, we recommend that recipients who are not professional investors contact their financial adviser. The Key Investor Information Document (KIID) must be received and read before investing. All other relevant documents relating to the product such as the Report and Accounts and Prospectus should also be read. The information in this document does not constitute investment, tax, legal or other advice or recommendation or, an offer to sell or an invitation to apply for any product or service of Baring Asset Management.
This commentary relates to the month of November 2017- to be read in conjunction with the factsheet.
The Morgan Stanley Capital International (MSCI) India was down during the month of November. Notable sectors that managed to garner positive returns were information technology and consumer discretionary. On the other hand, materials, healthcare, industrials and energy fell more than the performance comparator. The performance registered by the Baring India Fund in November was ahead of that of the performance comparator, as it ended the month in positive territory. Stock selections in healthcare, materials and financials contributed positively to the relative performance.
The inflation as tracked by Consumer Price Inflation (CPI) increased further in October 2017. The inflation has been benign for quite a few months now. Moody’s upgraded India’s local and foreign currency rating to Baa2 from Baa3 earlier. Both foreign and domestic institutions remained net buyers during the month.
The corporates are relatively more positive now going forward and how the corporate performance now pans out will decide the future direction of the markets.
Driven by our bottom-up stock selection we are currently finding attractive opportunities within the consumer discretionary, financial and industrial sectors. Meanwhile we are less exposed to consumer staples, telecommunication services and utilities relative to the performance comparator.
The information available on this website is not an offer to sell or an invitation to apply for this product and is by way of information only, nor is the information available on this website intended as an offering of this product to US Persons. Depending on your jurisdiction, you may not have access to this product. Individual investors should contact their financial advisor before investing in this product. The Key Investor Information Document (KIID), if applicable, must be received and read before investing. All other relevant documents relating to the product such as the Report and Accounts and Prospectus should also be read. The information available on this website does not constitute investment, tax, legal or other advice or recommendation.