The Writing Room

We aim to keep our investors up to date with regular written pieces that discuss our portfolios and our views on the opportunity-set whilst using the exercise to clarify our thoughts.

Writing Room

QuotedData: India Capital Growth benefits from financials overweight

Matthew Read

Matthew Read for Quoted Data discusses how ICG’s NAV outperformed the BSE Midcap TR Index, and how the NV of the portfolio rose by 4.3% outperforming emerging markets as a whole which fell 13% during the year.

March 2023

HOODnote: India is an investment, not a trade

2022 was a great year for India in relative terms especially against other emerging markets. As we enter 2023, two questions dominate the thought process:

  • Will India be able to deliver on earnings expectations – running at 14-15% p.a. earnings growth for the market over the next two years?
  • Can the elevated valuations (both absolute and relative) be justified?
February 2023

Citywire Funds Insider: The big winners and even bigger losers from a shocking 2022

Gavin Lumsden

Gavin Lumsden examines the 2022 markets, and with tables from Numis Securities, lists India Capital Growth as a “big riser” Equity Investment Company under the Energy and Commodity section.

January 2023