FIRST State this week launched its long-awaited Indian Subcontinent fund to be managed by Vijay Tohani, revealing it would only be open to investors during a set offer period.
Tohani, the senior portfolio manager for the fund house’s Asia ex Japan equities team, will be adopting a conservative investment approach on the UK’s first onshore India fund because of the sharp rise of the region’s stock market. Tohani will invest in stocks from regulated markets in India, Pakistan, Sri Lanka and Bangladesh or offshore instruments established by companies with links to the subcontinent on other markets. IFA demand for a fund investing in the region has been high and Tohani admitted the Indian subcontinent had experienced “rapid economic growth” in the last few year...
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