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Mark Williams, Asia Income: Contrasting China and India’s equity market prospects

Last weekend’s state visit to China by Indian Prime Minister Narendra Modi provides an opportune moment for us to highlight the stark contrast we see in the investment prospects for the two countries. This is reflected in our overweight exposure to China& Hong Kong and our underweight position in India, two big calls (relative to regional indices) which have paid off year-to-date, March and April in particular.

Modi’s three-day visit to China from 14th to 16th May yielded agreements on issues including education, rail infrastructure and the military. The latter is especially pertinent as last year, at the same time as China’s President Xi Jinping was visiting India, incursions by the People’s Liberation Army over the ‘Line of Actual Control’ in Jammu and Kashmir overshadowed events.

John Husselbee: Lessons of history

It is hardly surprising to discover that a leading fund manager has a passion for military history. After all, Sun Tzu’s The Art of War has been described as a key guide to business, with many parallels being drawn between the strategies used in military campaigns and those required to be successful in business or finance.

The interest that Matt Hudson, manager of the Schroder UK Opportunities and Schroder UK Alpha Income funds, has in military history, however, also serves to illustrate two very common characteristics of fund managers – intellectual curiosity and a great breadth of knowledge across numerous subjects.

Disclaimer

Any opinions expressed should not be construed as advice for investment in any [product or] security mentioned or which may form the underlying content of any topics discussed in this blog.  The information and opinions provided in this blog take no account of the investors’ individual circumstances and should not be taken as specific advice on the merits of any investment decision.   Any opinions or information provided has been based on sources we believe to be reliable at the time of this blog’s preparation: no representation or warranty, express or implied, is made as to the accuracy, reliability or completeness of such information.  Neither Liontrust, nor any of its partners, employees, representatives or agents accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of our research or its contents.

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