Summary
NEW YORK - The evidence of India's enormous economic expansion in recent years - in particular the sharp run-up in stocks - has proved an irresistible draw to some mutual fund investors. Those chasing the siren song, however, should be aware that, as with any developing economy, there could be bruising stumbles.
"If you have a car speeding along and it hits a speed bump, the aftershock is going to be that much greater the faster the car goes. India is going to hit some speed bumps as it goes," said Andrew T. Foster, the director of research at Matthews International Capital Management LLC, a San Francisco fund manager specializing in Asian investing.See the full content of this document
Extract
Use Caution Before Investing in India
The rise in stocks has stirred concerns that valuations have risen beyond where they should be, and that...
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