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Top fund manager remains India bull

With the Sensex hitting a new high of 14,129, India has begun the year well. Jon Thorn explains why he thinks that is set to continue.
Jon Thorn is the managing director of the Hong Kong-based India Capital Fund, a $260 million fund dedicated to Indian equities, as well as the $60 million India Institutional Fund, a segregated account for American endowments. The fund began in 1994 as a small-cap India play seeded by a George Soros fund, but was relaunched in 2001 to include companies of any size.

Why did the Indian stock market do so well in 2006
Because it offered the most accessible earnings growth in the world. Different markets in Asia such as Taiwan look cheaper, but they have problems that you donÆt have in India. For an Asia-Pacific portfolio that can allocate across the region, India...
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