Stewart Investors has re-opened the Stewart Investors Indian Subcontinent Fund on 1 December 2017 five years after soft-closing it to new investment.
The company announced it has removed the initial charge of 4% applied to all investments since the fund’s inception on 1 January 2012, which, – according the company – was introduced because of concerns that the fund could grow too large diluting the quality of those companies held in it.
The fund invests in shares of companies based (or having significant operations) in India, Pakistan, Sri Lanka and Bangladesh, focusing on those companies positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate.
Portfolio manager Sashi Reddy, member of the Sustainable Funds Group, said: “Over 100 companies have listed on the Indian stock market since the soft-closing of the fund and the overall size of the market has doubled. As a result, our universe of quality companies has grown substantially. Bangladesh, Pakistan and Sri Lanka have also seen further listings, widening the range of investment opportunities in the subcontinent.”