Ashmore Research Highlights - June 2023
1.?????Webinar replay?– India takes centre stage
Rashi Talwar Bhatia , Portfolio Manager for India Equity, and? Gustavo Medeiros , Ashmore’s Global Head of Research discussed the opportunities present in the India Equity universe and their outlook for the second half of 2023 and beyond.?
The discussion covered?their views on?topics such as:
·???????The drivers behind India equity’s significant outperformance; structural or cyclical?
·???????India’s role as diversifier for asset allocators in a multipolar world
·???????The advantages of investing ‘All Cap’ & stock idiosyncratic
·???????The most common investment challenges
·???????Our highest conviction ideas
Watch the full replay here.
2. Emerging View – India takes centre stage
India has a compelling investment case.
Indian GDP performance has translated into strong equity market returns. The Indian stock market has risen 69% over the last three years, a massive outperformance against MSCI EM and twice the returns of the MSCI World (DM).
Encouragingly, the outperformance is explained by structural drivers. The structural reforms implemented by Prime Minister?Narendra Modi’s administration, alongside India’s favourable demographic profile and the intention to diversify global supply chains away from China, is leading to higher investment in manufacturing, which translates into superior gross domestic product (GDP) growth potential.?
Read the full Emerging View analysis by Rashi Talwar Bhatia , Portfolio Manager for India Equity, and? Gustavo Medeiros , Ashmore’s Global Head of Research, available here.