Premium China FM looks at India
Premium China Funds Management has said it will look at the potential investment opportunities in India, although its primary investment focus is on China.
According to Premium China’s executive director and chief investment specialist, Jonathan Wu, India had an attractive emerging middle class and younger population but the final decision would be determined by the economic and demographic fundamentals of the two nations.
Wu said his firm’s view was premised on the current fundamentals of the two economies, albeit that both nations were evolving quickly.
“We don’t ignore the potential in India,” he said.
“But our approach is based on the fundamentals, and our most recent analysis of four key industries including financial services, property and construction, automotive industries and white goods shows us that from a conviction standpoint, the Chinese companies are more attractive at this point in the cycle.”
He stressed that for now the firm would maintain its focus on China however the fact that the Indian economy was maturing and fuelling more affluent middle class opportunities, generating more investment opportunities, should not be ignored.
Premium China is a boutique funds management group providing specialist Asian equity and fixed-income funds to both Australian and New Zealand investors.
Premium has developed four actively managed funds - the Premium China Fund, Premium Asia Fund, Premium Asia Property Fund and Premium Asia Income Fund.
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
