More From Pete Raine
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.
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.
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 […]
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.
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.
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.
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.
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.
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.
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.
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.
How MINDX’s Top Holdings Are Performing
Healthcare was the best-performing sector in Indian markets in 2015.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
What Drives India’s Construction Sector?
According to India’s government, the construction sector is valued at over $126 billion.
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.
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.
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%.
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.
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.
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.
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.
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.
How Has the ETGIX Performed?
The Eaton Vance Greater India Fund Class A (ETGIX) is an equity fund that invests in Indian equities.
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.
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.
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.
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.
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.
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.
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.