Investment Insights
FSSA Investment Managers - India Equities Update
May 2019
A worried client asked us recently, “Will Mr Modi be re-elected, or won’t he? How will the ongoing elections impact the investment case for Indian companies?” We don’t know whether Mr Modi will be re-elected. But we strongly believe that the results of the election will have little bearing on the long-term investment case for Indian equities.
FSSA Investment Managers - India Equities Update
July 2018
Over the last few years, valuations have generally become expensive in our universe of quality companies. Valuations reaching these levels remind me of the mistakes I made running into the 2008 crash.
FSSA Investment Managers - India Equities Update
October 2017
Household savings in India has always been a big number (~US$500 billion) and only a small part of it was in financial instruments, let alone equities. The demonetization exercise in November 2016 encouraged the shift of household savings into financial assets.
FSSA Investment Managers - India Equities Update
September 2016
In previous updates, we discussed the impact of generational changes amongst the owners of our holdings. We continue to monitor such developments very closely and, encouragingly, have encountered a number of positive changes in some of the companies that we have been watching. In this latest update on India, we highlight a few companies that we have taken stakes in as a result.
FSSA Investment Managers - India Equities Update
February 2016
Imperfect companies in India - we find faults in our portfolio holdings and explain why we still consider them to be good investments.