“Some of these staples type names are very well positioned within India. There is obviously an excellent structural growth story with a lot of these names. I am assuming they will still maintain their investment in their brand distribution. Yes, globally, the whole staples names have been underperforming. It is a situation not just in India, but we are seeing it pretty much everywhere.”
“Indian IT companies have one advantage over some global peers in their access to graduates and trained engineers which is easier to access in India than some other countries. We think there is still good growth available in IT companies going forward. But these stocks and sectors from time to time go in and out of favour but ultimately good structural growth is available for these stocks.”
"We have not yet added to positions in India portfolio. The market has shifted around a little bit. We do not have that many Indian stocks. What we have, we tend to be in longer term, larger cap type names. We have not really played the midcap or smaller cap side. We just focus on a relatively small number of very liquid largecap names, which has served us quite well over time."