Q: Any comments on the Indian market, or lack thereof? Is it a good investment going forward? It looks like the biggest ADRs there are the banks. Their economy looks to have good long term prospects.
5i Research Answer:
We would agree that the long-term prospects of India are interesting given the economic growth and development occurring. We don't dig into this market a whole lot at the individual company level. The main 'issue' at the market level is that it does tend to be priced at a premium. Of course, this has justfiication given the prospects of the economy.