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India vs China: Where is the best opportunity now?

The webinar, hosted by Mike Sell, focused on Emerging Markets with a particular emphasis on China and India. Mike highlighted recent market performance, noting that India has lagged behind other Emerging Maarkets, while China and South Korea have shown stronger gains YTD. Key drivers of India’s underperformance included tariffs concerns and economic growth, but these issues are now easing.

For China, the recovery is gradual, with slowing consumer confidence, retail, and property sales, though the country remains a major manufacturing hub despite of US tariffs. In addition, broader Emerging Markets offer diverse opportunities, including structural growth themes like digitalisation, domestic retail, travel and e-commerce, such as our holdings in Jago (Indonesia), Fourlis (Greece), Air Astana (Kazakhstan), and SEA (Southeast Asia).

India’s investment case is both structural and supported by cyclical tailwinds: GDP growth has accelerated, inflation and interest rates are low, tax cuts and a good monsoon support consumption, and foreign investment is increasing. India’s growth is largely domestic, giving low correlation with developed markets and supporting a big, liquid equity market.

Watch the replay here:

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