A $40 Billion Manager Finds Surprise Haven in Emerging Markets

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March 1, 2018
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Stocks in India have potential for a significant rally, even as many emerging-market stocks look unattractive amid rising global rates, Chinese growth headwinds and expensive valuations, said Syme, a London-based money manager at JO Hambro Capital Management, which oversees about $40 billion. James Syme is putting his money on India, unfazed by a bank fraud scandal, a planned government tax on equity holdings and short-selling that’s hit a record high. The Indian economy resembles a coiled spring waiting to be released, and even if the Fed does four hikes or the middle part of the yield curve moves higher, even if Chinese growth slows, the Indian story can still come through.

Read more: https://www.bloomberg.com/news/articles/2018-02-28/a-40-billion-fund-says-india-is-emerging-market-surprise-haven

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