This $508b fund manager says bet on India over China

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His roughly 50 per cent allocation to India equities compares to the MSCI benchmark’s 15 per cent weighting. And while he declined to identify specific Indian stocks in the portfolio for compliance reasons, he said he favoured cars, jewellery, watches, banks, and India’s infrastructure sector. “Ports will be a great area because of the growth of India’s exports. In the next decade, India’s share of the world’s exports will double,” he said. Loomis Sayles has about $US15 billion allocated to emerging markets in both fixed income and equities. Its global emerging markets equity fund has produced a total return of...