We believe that there is going to be a significant shift in the growth drivers for the Chinese economy. Consumption led growth is not as resource intensive and we believe that sharp rallies in funds like Blackrock World Mining Trust (BRWM) are still selling opportunities. We would rather buy either Fidelity China Special Situations (FCSS) or India Capital Growth Fund (IGC) for emerging market exposure. We recommend investors buy IGC, trading at a diluted discount of c.18%. The fund’s un
15 Oct 2015
Investment Funds - Idea - What goes down must come up?
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Investment Funds - Idea - What goes down must come up?
India Capital Growth Fund Limited (IGC:LON) | 164 -3.3 (-1.2%) | Mkt Cap: 143.0m
- Published:
15 Oct 2015 -
Author:
Saumya Banerjee -
Pages:
5
We believe that there is going to be a significant shift in the growth drivers for the Chinese economy. Consumption led growth is not as resource intensive and we believe that sharp rallies in funds like Blackrock World Mining Trust (BRWM) are still selling opportunities. We would rather buy either Fidelity China Special Situations (FCSS) or India Capital Growth Fund (IGC) for emerging market exposure. We recommend investors buy IGC, trading at a diluted discount of c.18%. The fund’s un