Mobius Investment Trust sticks to its guns on India despite Covid-19 surge

Managers stay bullish despite soaring case rates

The Mobius investment Trust has retained its bullish stance on Indian equities despite the surging Covid-19 infection rate currently engulfing the country, with many of the company's holdings performing strongly throughout the crisis.

With a 28% allocation, India represents the largest geographic exposure in Mobius IT's portfolio, far surpassing the 10% weighting of its MSCI Emerging Market Mid Cap index.  Three Indian stocks sit within its top five holdings and account for 25.5% of total exposure. India accounted for 38% of the 5.7 million coronavirus cases reported globally in mid-April, according to the World Health Organisation, with at least 300,000 people testing positive each day and a total of more than 200,000 dying since the start of the pandemic. Mark Mobius: Why 'the US may regret' hostility towards ...