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This India-focused fund beating 98% of peers targets crisis winners

According to the fund's profile, its top holding as of July 31 was drugmaker Divi's Laboratories Ltd., which has gained more than 70% in 2020

Top-performing hedge fund turns cautious, says stocks have risen too fast

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Soon’s $558 million PineBridge India Equity Fund beat 98% of its peers in the last 12 months, Bloomberg data show.

2 min read Last Updated : Aug 26 2020 | 7:36 AM IST

One of the best performing India-focused equity funds is buying stock in companies that are poised to increase their market share in the wake of the pandemic.

Investing in companies that have an “indisputable competitive advantage” and high quality management has been the key, according to Elizabeth Soon, a fund manager at Hong Kong-based Pinebridge Investments Asia Ltd. “When there is a crisis like the one we’re in now, such companies are able to strengthen their position in their respective industries,” Soon said.

Soon’s $558 million PineBridge India Equity Fund beat 98% of its peers in the last 12 months, Bloomberg data

Topics : Coronavirus private equity fund Divi’s Laboratories

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