One of our recent picks for our longer term growth portfolio was the India Capital Growth Fund [LON:IGC], a UK-listed investment trust managed by Ocean Dial Asset Management. The fund has had a stellar performance, up 32% over the last 12 months, and 134% over three years.
We are not alone in our admiration for Ocean Dial: ex-Aberdeen CEO Martin Gilbert likes it so much he's buying it, in a deal recently approved by the FCA and valued at £4.1m. The deal is still waiting on regulatory approval in India, which is where Ocean Dial is based and regulated.
The India Capital Growth Fund is arguably one of the best performing Asia-focused investment trusts available on the London market. Despite its stellar performance, it is still trading at a discount of just over 5%. Its focus is on the diverse and vibrant Indian smaller companies market.
Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.
Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.
Free 28 day trial. Cancel anytime.
Log In or Sign Up to Armchair Trader+Already a member? Log in here:
Not a member? Sign up now or see the membership benefits
Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.
