Date: 01th Sep 2022 | Publication: Ausbiz
With soaring interest rates, a supercharged US dollar and pandemic to navigate, it’s not surprising the emerging market universe has been neglected by investors. But given the level of pessimism that exists towards these markets, the inner contrarian in Scutty thinks that means now is the time to start looking for opportunities. So to do just that, he had not one but two emerging markets experts on the show to discuss what’s hot and what’s not. John Moorehead from Maple-Brown Abbott gives his views on the Chinese property sector, a perpetual concern for investors globally in recent years given the implications for so many other regions and sectors. John remains cautious but thinks the worst has probably passed. He gives some ideas on what investors should be looking at along with why he likes parts of the Latin American universe given central banks there began tightening policy far sooner than developed market central banks. Muguthan Siva from India Avenue Investment Management also joined the show to discuss India’s growth trajectory, the traits you should be looking for within Indian financial stocks. He says Bajaj Financial is one such name, pointing to its share price performance which has 64-bagged over the past decade. Mugunthan explains the factors that have driven such a phenomenal performance.
India Avenue is a boutique investment management firm providing investment solutions that allow our clients to benefit from India’s remarkable growth story.
The journey towards the “birth” of India Avenue originated in 2005, when ING Investment Management started a business in India as a separate division, utilising a practiced multi-manager philosophy in markets like Australia, and exported it to India. Three of our founders, Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together for INGIM (India), building investment strategies and structures, under this philosophy and applying them to Indian capital markets
In 2011 our founders started discussing the possibility of building an investment firm with a capability to provide a focus on India as an stand-alone investment jurisdiction for foreign investors. The founders identified Australia and New Zealand as nascent markets for investing in regional locations, with the potential to accelerate given education and insights which the firm could provide.
By 2015 the group of founders decided to work full-time on this concept to bring it to life. They did this by leaving their existing employment, thus exercising high conviction in the investment region of India as a long-term structural story for investors in Australia and New Zealand. Thus, the firm India Avenue Investment Management was registered and came to life in 2015 in Sydney, Australia.
After building our business for a period of 12 months, our first fund, The India Avenue Equity Fund was launched on 6th September 2016, with strong service provider partners like Equity Trustees (RE), Mainstream (Fund Administrator), KPMG (Fund Auditor) and BNP India (Custodian).
India Avenue is now a boutique investment business firm, with clients spread across family offices, high net worth individuals, wealth advisers and financial planning firms. Our firm has focused on education and knowledge as a driver of investment behaviour and have taken a long-term approach towards Australian and New Zealand investors contemplating an allocation to India’s growth as part of their portfolios. Our firm has assets in excess of A$50m and the India Avenue Equity Fund is rated “Recommended”* by Lonsec and is available on multiple investment platforms across Australia and New Zealand.