ABN launches India equity fund

vehicle makes the most of the region's growth story and aims to beat msci india net return index

ABN Amro has launched an India equity fund investing in some 35-45 stocks from across the market cap spectrum. The Luxembourg-domiciled vehicle is based on an existing product launched to the Indian market in September 2004. Fund manager Paritosh Thakore will look to pick stocks from an initial universe of 4,000 companies. His aim is to beat the MSCI India Net Return Index and so far the group has raised some $71m in assets. Thakore believes there are extremely strong reasons for investing in the sub continent. He said: "Since 1990, economic growth in India has averaged more than 6...