 "stressed assets, Income tax")
Ashburton Investments Ltd., which oversees $10 billion in global assets, is steadily acquiring stocks in medium-sized Indian companies that have been overlooked as investors targeted better-known companies.
India is a “good place to hide” as it’s not at “the heart of” the global trade-war volatility and exposed to the strengthening dollar, Jonathan Schiessl, the fund’s investment director, said in an interview. The country is relatively safer with “beta at multi-year lows,” and is still an outperformer among emerging markets with relatively better international flows, he said.
The Sensex has jumped more than 12 percent from its March low to become
