In this month’s Fact Sheet, we cover the following:
- The India Avenue Equity Fund has delivered 11.34% p.a. over the last 2 years
- Whilst the fund outperformed the benchmark in 2016 and 2017, 2018 was a very challenging year. We provide details on why this happened and why we are still very confident on outperforming the market in the long term
- Passenger numbers in the Indian Aviation sector have grown at 15% p.a. for the last 5 years. We explain why we feel the Indian Aviation sector is in fact in a structural phase in what is usually considered a cyclical sector for many developed economies
- Our current portfolio positioning in terms of top 10 stocks, sector positions and % of the portfolio where revenue is derived locally