Martin Currie mulls India fund launch

Martin Currie is looking at launching an India fund to complement its emerging markets portfolio.

Head of investment John Pickard says: “We are considering an India fund. There are a lot of companies you can invest in and you can get exposure to all parts of the economy.

“It was relatively closed in the past but now there is a lot of variety which is good for stockpicking. The youth of the population and growth in consumption looks better than in China. Demographics are tailing off quite quickly in China.”

Currie’s annual results, published last week, show lagging performance of its global and EAFE funds.

The 2010 relative return for the global alpha fund fell by 1.2 per cent, the global fund fell by 3.2 per cent and the EAFE fund was down by 4 per cent, as was the global (excluding the US) fund.