A state-run Chinese bank, Industrial and Commercial Bank of China launched the country’s first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth. The fund, named the ICBC Credit Suisse India Market Fund, will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market. It is China’s first publicly offered fund for investing in India. The fund will invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market. Investing in the Indian market means an investor can enjoy double-digit economic growth.
The Indian market has gradually become one of the best-performing markets in the world due to ongoing reforms, macroeconomic improvement and enhanced profitability. India is not affected by the trade friction between China and the US, and it has become a safe haven for funds. Chinese investors should pay close attention to the Indian stock market and seize new opportunities.