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Pete Raine

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Pete Raine

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    Company & Industry Overviews

    Looking ahead for Indian-Focused Funds

    All five India-focused funds have their highest individual sectoral exposure to financials. As reported in the news, 2015 has been a year of global economic stress.

    By Pete Raine
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    Company & Industry Overviews

    Which Sector Has Attracted the Most FDI This Year?

    Cumulative data of FDI inflows since April 2000 show the services sector has received 17% of the total FDI inflows in India.

    By Pete Raine
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    Macroeconomic Analysis

    Assessing Financials: The Major Holdings in Indian Funds

    Financials are the major holdings in Indian funds The three funds in this review—the ALPS Kotak India Growth Fund (INDAX), the Matthews India Fund (MINDX), and the Wasatch Emerging India Fund (WAINX)—provide investors access to Indian equities. The financial sector represents most of these funds’ respective portfolios, according to their latest releases. As of June […]

    By Pete Raine
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    Company & Industry Overviews

    South Africa’s Inflation Heads North despite Economic Slowdown

    Agricultural output was reduced due to adverse weather conditions that made food prices soar. Let’s look into some key reasons for the high inflation.

    By Pete Raine
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    Company & Industry Overviews

    Indian Equity Markets Finished 2015 with an Optimistic Outlook

    The FPI, which was on a losing spree before December 16, came back strongly. Indian stock markets also started gaining.

    By Pete Raine
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    Macroeconomic Analysis

    Public or Private Spending: What’s Driving Infrastructure Growth?

    The private sector is lagging as compared to others regarding projects awarded. The public sector projects far outnumber both the private and PPP projects.

    By Pete Raine
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    Fund Managers

    How Does the Matthews India Fund Compare to Its Peers?

    As of December 31, 2015, Matthews India Fund has the lowest holdings turnover among the five funds.

    By Pete Raine
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    Fund Managers

    How Does WAINX’s Performance Compare to Its Peers?

    In this part, we’ll compare WAINX to four similar India-focused funds. These include INDAX, MINDX, ETGIX, and FIGZX.

    By Pete Raine
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    Macroeconomic Analysis

    India’s Healthcare Sector Has Stolen the Show in 2015

    Due to the healthcare sector’s evergreen nature, the S&P BSE Healthcare Index has been able to provide a healthy return amid slowdowns in other sectors.

    By Pete Raine
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    Company & Industry Overviews

    Forecasts Indicate a Strong Indian Macro in 2016

    With 2015 behind us, we will study the prospects of Indian equities in 2016. We will look at certain macro indicators and the performance of the Indian equity market.

    By Pete Raine
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    Macroeconomic Analysis

    Analyzing the Historical Returns of 5 India-Focused Funds

    Within the last six years, 2009 was the best year in terms of returns for all three funds in existence then.

    By Pete Raine
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    Fund Managers

    How MINDX’s Top Holdings Are Performing

    Healthcare was the best-performing sector in Indian markets in 2015.

    By Pete Raine
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    Company & Industry Overviews

    Understanding The Eaton Vance Greater India Fund Portfolio

    Compared to other India-focused funds, ETGIX has a small portfolio, comprising only 33 holdings. As of September 30, 2015, the top ten holdings of ETGIX formed 46.8% of the portfolio.

    By Pete Raine
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    Fund Managers

    The Wasatch Emerging India Fund: A Look at a Fairly New Fund

    The Wasatch Emerging India Fund (WAINX) invests with the objective of long-term capital appreciation. The fund invests mainly in small-sized and mid-sized companies with a market cap less than $5 billion.

    By Pete Raine
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    Fund Managers

    How the Matthews India Fund Performed in Comparison to Benchmark

    The Matthews India Fund gave a negative return of -0.6% in 2015. However, it still managed to outperform its benchmark.

    By Pete Raine
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    Fund Managers

    Understanding Matthews India Fund’s Investment Approach

    MINDX seeks to invest at least 80% of its total assets in publicly traded common stocks, preferred stocks, and convertible securities of companies located in India.

    By Pete Raine
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    Company & Industry Overviews

    Unemployment Remains a Major Concern for South Africa

    South Africa’s unemployment rate was as high as 25% in 2015. The high unemployment rate has been a serious issue in the country for several years now.

    By Pete Raine
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    Company & Industry Overviews

    Mining and Agriculture Sectors Distressed in South Africa

    The mining and quarrying industry in South Africa witnessed sharp falls. Possible reasons include falling commodity prices globally and weakened demand.

    By Pete Raine
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    Company & Industry Overviews

    An Overview of the South African Economy’s Structure

    The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.

    By Pete Raine
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    Company & Industry Overviews

    The ALPS Kotak India Growth Fund (INDAX) Portfolio Analysis

    The ALPS Kotak India Growth Fund (INDAX) intends to invest at least 80% of its net assets directly or indirectly in equity and equity linked securities of Indian companies.

    By Pete Raine
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    Company & Industry Overviews

    The Franklin India Growth Fund versus the Benchmark in 2015

    The MSCI India Index is the benchmark index of the Franklin India Growth Fund (FIGZX). The fund has underperformed the benchmark index.

    By Pete Raine
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    Company & Industry Overviews

    The Franklin India Growth Fund Portfolio (FIGZX)

    The Franklin India Growth Fund (FIGZX) invests with the aim of long-term capital appreciation and across market caps, in equities of companies based in India. As of December 31, 2015, the fund’s total net assets under management were $122 million.

    By Pete Raine
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    Company & Industry Overviews

    How the Eaton Vance Greater India Fund – Class A Performed in 2015

    The Eaton Vance Greater India Fund – Class A (ETGIX) is in a close range to the returns of the benchmark for all three periods. In 2015, the fund gave a return of -6.1%.

    By Pete Raine
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    Company & Industry Overviews

    The Wasatch Emerging India Fund Portfolio Composition

    As of December 2015, the Wasatch Emerging India Fund has ~$69.2 million in assets under management. As of September 30, 2015, the fund had 76 holdings in its portfolio.

    By Pete Raine
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    Company & Industry Overviews

    How the Matthews India Fund and Its Holdings Performed in 2015

    In 2015, the Matthews India Fund returned -0.56%. It outperformed the benchmark index S&P BSE 100 over all the periods reviewed.

    By Pete Raine
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    Company & Industry Overviews

    The Matthews India Fund Portfolio Analyzed

    The Matthews India Fund (MINDX) invests mainly in small-cap and mid-cap Indian stocks. As of November 2015, the fund had $1.5 billion in assets under management.

    By Pete Raine
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    Company & Industry Overviews

    How the ALPS Kotak India Growth Fund Fared in 2015

    In 2015, the ALPS Kotak India Growth Fund returned -4.6%. The top holding of the portfolio, Infosys, formed 5.7% of the fund’s portfolio and returned 7.5% in 2015.

    By Pete Raine
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    Company & Industry Overviews

    What Factors Affected the Indian Equity Market in 2015?

    In this series, we will analyze the performance of the Indian equity market in 2015. The S&P BSE Sensex, considered as a benchmark index, gave a return of -3.7% in 2015, expressed in Indian rupees.

    By Pete Raine
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    Company & Industry Overviews

    FPI in Indian Equities Remained Volatile in 2015

    After the first four months of an impressive net inflow of FPI, Indian equities lost a substantial investment of foreign money. August 2015 witnessed the highest exodus of foreign money from Indian equities.

    By Pete Raine
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    Company & Industry Overviews

    2015’s Gainers and Losers of the Indian Stock Markets

    In this article, we will analyze the sector-wise performance of Indian stocks for 2015—a dismal year for all sectors.

    By Pete Raine
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    Macroeconomic Analysis

    How Do Banks View the Indian Infrastructure Sector?

    Infrastructure companies are normally highly leveraged. A highly leveraged company has a higher dependence on debt from banking and financial institutions.

    By Pete Raine
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    Macroeconomic Analysis

    Production Slumped in India’s Core Infrastructure Sector

    In the first two quarters of fiscal 2016, the production growth of four out of the eight sectors has fallen as compared to the first two quarters of fiscal 2015.

    By Pete Raine
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    Macroeconomic Analysis

    Why Sales Growth in India’s Infrastructure Sector Is Dwindling

    The sales growth in three major infrastructure sectors has fallen sharply in the first two quarters of fiscal 2016.

    By Pete Raine
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    Macroeconomic Analysis

    India’s Infrastructure Sector Growth Slumped while GDP Improved

    Despite the government’s efforts, the infrastructure sector seems far from being on the recovery path.

    By Pete Raine
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    Macroeconomic Analysis

    Why Distress Signals Are Coming from Indian Infrastructure Stocks

    In this article, we will look at how stocks of some major Indian infrastructure companies have performed in the last year.

    By Pete Raine
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    Macroeconomic Analysis

    Understanding India’s Infrastructure Sector

    The NDA (National Democratic Alliance) government came to power in May 2014. With big promises of development, the party aimed to push major reforms to help speed up India’s recovery process.

    By Pete Raine
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    Macroeconomic Analysis

    Foreign Money Fleeing Indian Shores

    India’s net FPI (foreign portfolio investment) has been negative on almost all days in December, especially for the equity segment, which saw a net outflow of $287 million on December 1.

    By Pete Raine
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    Macroeconomic Analysis

    Is the Reserve Bank of India Anticipating a Rate Hike by the Fed?

    The RBI (Reserve Bank of India) didn’t lower the interest rate in its bimonthly review on December 1, 2015. The RBI kept the policy repo rate unchanged at 6.8%.

    By Pete Raine
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    Macroeconomic Analysis

    What Led to the Euphoria around India’s Construction Sector?

    According to the Indian government’s estimates for the five years from 2006–2007 to 2010–2011, the construction sector contributed 8% to India’s GDP.

    By Pete Raine
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    Macroeconomic Analysis

    What Drives India’s Construction Sector?

    According to India’s government, the construction sector is valued at over $126 billion.

    By Pete Raine
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    Macroeconomic Analysis

    A Sector-by-Sector Overview of India’s S&P Bombay Stock Exchange

    The S&P BSE sector indexes are Energy, Finance, Industrials, Telecom, Utilities, Information Technology, and Healthcare.

    By Pete Raine
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    Macroeconomic Analysis

    The Major Sectors of the Indian Equity Market

    The current global economy is under stress. Major benchmark equity indexes around the globe have given dismal returns, and India is no exception.

    By Pete Raine
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    Macroeconomic Analysis

    T. Rowe Price Africa & Middle East Fund: Abysmal 1-Year Returns

    In the last one year, the T. Rowe Price Africa & Middle East Fund (TRAMX) has had a return of -19.5%. The return since the fund’s inception in September 2007 is about 0.2%.

    By Pete Raine
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    Company & Industry Overviews

    Which Sectors Will Benefit from the FDI Reforms?

    India’s FDI reforms are expected to boost foreign investment in major sectors including the construction, retail, defense, banking, agriculture, and aviation sectors.

    By Pete Raine
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    Company & Industry Overviews

    Why India Needed the Major FDI Reforms Announced This Month

    On November 10, 2015, the government of India announced major reforms in FDI (foreign direct investment). The government has introduced reforms in 15 major sectors of the economy.

    By Pete Raine
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    Macroeconomic Analysis

    The Nile Pan Africa A Fund: Negative Returns for 5 Years

    The Nile Pan Africa A Fund (NAFAX) invests at least 80% of its portfolio in the stocks of Africa-based companies. The majority of the fund’s exposure is in South Africa.

    By Pete Raine
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    Macroeconomic Analysis

    Has the Franklin India Growth Fund Outperformed Its Benchmark?

    IGZX has given a return of 4.2% over a period of one year. The fund has outperformed the benchmark index over the past year.

    By Pete Raine
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    Macroeconomic Analysis

    The Commonwealth Africa Fund: Consistently Negative Returns

    Since its inception in November 2011, the Commonwealth Africa Fund has had a return of -4.3%. Given the poor returns, investors are unwilling to invest in the risks of Africa.

    By Pete Raine
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    Macroeconomic Analysis

    How Has the ETGIX Performed?

    The Eaton Vance Greater India Fund Class A (ETGIX) is an equity fund that invests in Indian equities.

    By Pete Raine
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    Macroeconomic Analysis

    How Has the ALPS Kotak India Growth Fund Performed?

    The YTD return of the ALPS Kotak India Growth Fund is about 1%. On a cumulative basis, the fund has returned 30.8% since inception.

    By Pete Raine
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    Macroeconomic Analysis

    Assessing the Multiples and Dividend Yields of Key Indian Stocks

    The Indian market’s PE and PBV multiples were lowest in fiscal 2013. The dividend yield was best in fiscal 2013.

    By Pete Raine
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    Macroeconomic Analysis

    Overview: Last 5 Years of Foreign Portfolio Investment in India

    India’s fiscal 2013 was the lowest in terms of market capitalization in the past five years. However, the foreign portfolio witnessed an impressive growth of about 80% in fiscal 2013 over the previous year.

    By Pete Raine
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    Macroeconomic Analysis

    Why India’s Equity Market Recovered after Continuous Slides

    In this series, we’ll briefly overview the Indian equity market. Specifically, we’ll analyze trends in the Indian equity market over the past five years.

    By Pete Raine
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    Macroeconomic Analysis

    Performance Drivers, Portfolio Composition of 3 Real Estate Funds

    The movement in prices for TRREX, CSRSX, and FRESX shows a close relationship to the performance of the top holding in each portfolio.

    By Pete Raine
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    Macroeconomic Analysis

    Returns and Price Movement of 3 Real Estate Mutual Funds 

    Average annual returns for TRREX, CSRSX, and FRESX were 2.41%, 2.33%, and 1.39%, respectively. The returns are lower than the average annual return over the funds’ three-year and five-year periods.

    By Pete Raine
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    Macroeconomic Analysis

    A Dismal Year for Real Estate Sector Funds So Far 

    YTD as of September 16, 2015, returns on an average annualized basis reflect the gloomy scenario of the real estate sector this year. FRESX returned -15.9%, CSRSX returned -20.5%, and TRREX returned -10.6% in the period.

    By Pete Raine
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