Despite the heavy hit India suffered from Covid-19, its stock market held up better through the pandemic than many of its peers. If you had bought Indian stocks three years ago you would be up 47.5 per cent today, compared with a gain of 20 per cent for advanced economy stocks in the MSCI benchmark, a loss of more than 5 per cent in emerging markets as a whole, and losses of nearly 18 per cent in China and 30 per cent in Brazil.
Glen Finegan, lead portfolio manager at Skerryvore Asset Management, believes India’s economy is entering a new phase, led by its recent transition from highly regulated to a more liberalised business environment, and powered by a youthful population that is soon set to give the country the world’s biggest labour force, even bigger than China’s.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
