Managed funds looking to India for long-term growth

Managed funds are looking to India and the emerging markets for long-term growth but remain cautious...

Managed funds are looking to India and the emerging markets for long-term growth but remain cautious on further falls in the US dollar. Jonathan Arthur, DWS Investments fund of fund manager, says: "Investors are nervous because many of these markets have had a good run and, whether officially or unofficially, are linked to a declining dollar." Yet despite this, Arthur says a steady flow of investment from the west plus cheap labour makes these markets an attractive option. "This is particularly true for India where the cheap labour is also well educated," he says. "My benchmark weighting ...