Q: Regarding Umedali's question om investing in India,this fund has outperformed both INDA and INDY!!Your opinion on it please!!!
5i Research Answer:
Keep in mind because it is priced in Canadian dollars, some of the performance has come from currency moves, versus the other funds referenced which are priced in US$. MER is 1.17% and 10-year return is 13.13%, more than twice its benchmark. It lost 5.8% last year, which was not bad, all things considered. Its since-inception return is 9.32%. Its top 10 holdings are fairly common Indian companies, nothing really unique. It is quite concentrated, with its top six holdings representing 30% of the fund. We think it would be a solid choice for mutual funds for country exposure.