Jpmorgan Indian Investment Share Discussion Threads

[gurp] 27/4/2008 23:00

mark - re financials, depends if the banks etc held have any bad credit exposure. if they haven't it puts them in a very strong position v western institutions.
Reckon the latter will be under great pressure from them anyway over the longer term

[doowle] 23/4/2008 18:41

Tata Consultancy showing first signs of US downturn spreading...

[markth] 23/4/2008 11:33

Yes I held this through the pull-back at the turn of the year and it seems to be riding it out. Took the opportunity to add a few more while it was under £4.

So far the Emerging Markets seem to have escaped much of the credit carnage. Perhaps folks nursing losses from it may look beyond the developed economies for their investment returns. With ITs that are discounted, even modest volumes of retail punters buying in can cause the share price to shoot up quite quickly. The discount on this has now swung back to 0.3% from the near 15% it was at the top of the year, so any further progress in my view will depend on the underlying NAV.

OTOH if sentiment turns against EMs this could fall back 10% in a matter of days, worth keeping tabs on it. If in this for the short term, a stop-loss is very wise.

One other thing I notice is that the managers have increased their exposure to financial stocks by 50% since last autumn, now totaling about 1/3 of the fund. Perhaps not such good news for those looking for a fast buck, but it's hard to argue against buying cheap in that sector for the longer term.

[gurp] 23/4/2008 09:44

loooooooooooooooking goooooooooooooooooood..............

[hosede] 22/4/2008 23:51

Thanks Mark - a lot of foreign investment - as you would expect

[markth] 22/4/2008 23:10

This article explains the split by investor type

[gurp] 22/4/2008 11:48

at the critical 400p

[ross1000] 21/4/2008 19:09

I'm very happy!

[sift] 17/4/2008 08:37

It's recovered nicely in the last few days!

[ross1000] 17/4/2008 00:24

JII has been my main investment vehicle for the past 18 months. It is very volatile, but has a fast recovery time from major falls. I sold recently as I feared a worldwide recession and have partially bought back.

I believe in India as it has a high growth rate, a large and progressively more affluent home market and is a democracy. India no longer produces 'cheap' consumables and is therefore less likely to be affected from the inevitable drop in worldwide consumer spending that will occure due to the subprime crisis and the lack of liquidity in the financial markets.

[aldasoa] 15/4/2008 11:26

binladin, what is your ulterior motive in attempting to undermine the share price?

[binladin] 14/4/2008 11:06

The indian market is not immune from the global fallout.
Emerging markets will suffer more then US or EUROPEAN SLOWDOWN;because the funds will pull their money out and hold cash.

[binladin] 14/4/2008 10:41

This should dip 10% tommorow.
China was down 6% all asia down 5% on average. Indian markets are closed today.

[hectorp] 13/4/2008 11:07

Agree entirely.

You can also if you like, balance these with shares such as DDC and RUS - for example - better yields on Russia and E-Europe. Again maybe 2-3 year view.
H.

[sift] 12/4/2008 16:42

I agree that India may fall further, but I have been waiting for a buying opportunity into India for the last 18 months, and everytime have waited too long and missed the dips. So I am content with this level on a 1-3 year view.

The DS comment on the 2 asian income ITs was very interesting, as he is normally much more aggressive in his proposals. But he has made me look at them in a new light, especially as I have been switching a large part of my portfolio into shares which I feel offer a good sustainable yield. I don't think either would be an 'exciting' investment, but with lots of my money in banks right now boring & steady would be good!

[hectorp] 12/4/2008 16:14

My view is India is still overpriced in the current climate, but will be a buyer also.
I note comment in todays FT 'Money' pages that Emerging Markets such as India ( but not China) and non-China or Japan emerging Far East, are still , or will be, good value.
David Stevenson, from the FT, says invest in Aberdeen ASian Income investment Trust and Henderson Far East Income Trust.
MArkets will be well down on Monday so again a comparing excercise of what happens to the prices of our various Funds will be useful .

No mention of J. M F.

[sift] 09/4/2008 23:58

I have just invested in India for the medium/long term, but have split my investment 50/50 between JII and Lyxor India ETF (LNFT) since JII's discount has narrowed significantly.

[markth] 09/4/2008 20:14

Sticking with this in the SIPP for the longer term. Might buy a few more when my bank divvy money from RBS and BARC comes through.

[hectorp] 09/4/2008 08:27

JII looking more steady but are we heading for further US falls.
Could be a buy here..

[hectorp] 02/4/2008 09:38

true.. he is getting on a bit however (76? 78?)

[markth] 31/3/2008 17:40

TEM is a very good trust. Worth sticking with, esp. if the good Dr. Mobius stays involved.

[m4ybe] 27/3/2008 09:25

thanks Mart, NII seems to have performed better than IGC over the long term, though not as well as JII or India itself. Think I'll stay with Brazil and TEM for emerging markets

[mart] 25/3/2008 14:11

m4ybe
Also NII/w IGC/w

[binladin] 25/3/2008 13:47

should see a 10% drop net assets are 361p.