Oslo
QUANTUM Advisors, which picks Indian stocks for Norway's US$860 billion wealth fund, says investors should stay away from index investing in Asia's fourth-biggest market.
Investing in indexes is a poor place to put money because you don't necessarily go into the companies with the most potential, said Ajit Dayal, the director of the Mumbai-based fund, which manages US$2 billion in Indian equities.
"It's a big mistake because you're buying companies whose business premise isn't that I have the best...
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