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Aberdeen turns bullish on India

Declining valuations after funds pull money out to chase better returns in China have made country more attractive

Published Sat, Jun 20, 2015 · 5:50 am
BRIGHT SPOT: The International Monetary Fund predicts India's economic growth will outpace China's in the fiscal year ending March 31. India's GDP grew 7.5 per cent in the three months through March, beating China's 7 per cent expansion.

Mumbai

EIGHT months after calling India's stock rally overdone, Aberdeen Asset Management plc is finding value in Asia's third-worst performer this year. The reason: China.

The UK's second-largest publicly traded money manager by market value says the Asian nation's shares are attractive now after funds pulled money out to chase better returns in China. The S&P BSE Sensex index is now valued at a 33 per cent premium to the MSCI BRIC Index, near the least in almost six years. The Shanghai Composite...

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