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Super funds ignoring India
Specialist fund manager India Equities Fund is making a push into the superannuation funds arena with the claim that super fund trustees have been slow to realise the importance of India in global investments and have therefore allowed little direct exposure to the Indian market.
India Equities fund chief executive John Pereira said he believed the superannuation industry had been incredibly conservative about India despite it comfortably outperforming the Australian market over the past five years and despite strong growth forecasts.
He said Australian super funds had lumped India in with emerging markets and spent little time understanding it, yet by most political and financial estimates, India was set to become one of the largest and most influential economies.
Pereira said Australian asset consultants and super funds had, to their credit, invested effort into the China relationship, but it was time for India to command their attention.
AUTHOR
Mike Taylor
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