India

[Simpo Two]

Economy set to expand by 6.5% this year and soon to be world's 3rd - or was it 4th? - biggest economy in a few years.

Would it be advisable to invest a few £ in that direction or is it deemed 'too risky', like China was?

[bogie]

Well much in the near term could depend on how long the Ukraine war continues.

How long before the knock on effects of economic sanctions catch up with the Indian economy as they have to pay more $$$ for their oil rather than being one of Putins top customers and funding the Russian war effort ?

https://www.reuters.com/business/energy/new-sancti...

[simon800]

I'd have thought that's already priced in, which is signified by (a) the performance of India funds over the last few years and (b) valuation of the India market which is on a PE ratio of 25 (compared to MSCI ACWI at 20 or emerging markets at 14).

Normally when something has done well and got expensive, it tanks for a bit rather than keeps going up.

[oldaudi]

I’ve got a fair bit with Jupiter India and held since the fund was created. Take a look at a few charts of fund growth, versus data coming out of India and see if you’ve missed the bus.

[Simpo Two]

Fair enough. Yes, generally by the time something reaches the media the bus has gone...!

[av185]

Jupiter India worth a look.

[VR99]

I've had similar thoughts that India might be a good long term play but then same could be said for other countries in Asia and LATAM......and knowing my luck I will buy at the top...followed by a huge drop

I had a relatively small amount in Franklin FTSE India (Passive) a few years back though for India maybe active funds might be better e.g: Jupiter.

[sideways sid]

Consider INDA etf for exposure to Indian stock market.

Its dollar-denominated, which may or may not be advantageous.

https://www.ishares.com/us/products/239659/ishares...

[Simpo Two]

Thanks, perhaps worth a punt for this year's ISA. But as suggested above, after all that recent growth, how many legs left we wonder...

[Ezra]

If I was wanting an EM punt I'd probably be looking at China. Market is way down from its 2020 highs, Evergrande/property financial sector stories are well known, and the geopolitics with US seems less volatile. I may be putting some spare into FCSS come April.

[GliderRider]

Aberdeen New India Investment Trust (ANII) has been a pretty steady performer for me.

From Hargreaves Lansdown:

[Skyedriver]

oldaudi said:

I’ve got a fair bit with Jupiter India and held since the fund was created. Take a look at a few charts of fund growth, versus data coming out of India and see if you’ve missed the bus.

Been in JI for a while and been adding, (and Lion India too). JI up near 60% in the last year IIRC (Lion up about 34%)

[mikeiow]

Simpo Two said:

Fair enough. Yes, generally by the time something reaches the media the bus has gone...!

As always, the question is “what will the media be reporting in 12-18months”.
As always, my answer is “sorry, no idea”

[av185]

Yep Jupiter India showing stellar returns even since early January. Been stuffing £2k to £2.5k in every few days for the past 8 weeks and its up nearly £2k even on £20k gradual drip feed.

[av185]

Japan looking good too.

i shares Jap stock index up 20% 2.05% yield 0.08% annual fee.

Fidelity index very similar.

Both just gone xd.

[simon800]

I appreciate some on here have been investing in India for some time etc and fair play.

But I'd urge caution to newbies reading this who think it's as simple as picking the country that's done the best of late, picking the fund that invests in that country that's done best of late and then sitting there waiting for the money to roll in.

Generally speaking that's a sure fire way to lose money.

Single countries tend to have periods of outperformance, followed by periods of underperformance. Of course India looks at its most appealing after a period of the former, but worth looking at the longer term and sussing out what may come next.

[mwstewart]

20 years too late, surely?