Why India and Tech funds count

Sydney-based manager Fiducian Asset Management took out a first and second place in the recent FundSource Fund Manager of the Year Awards. Managing Director Indy Singh joins Philip Macalister to talk about these winning funds.

Thursday, November 16th 2017, 12:39PM

India and IT are two solid investment opportunities perfectly positioned for future growth, says Indy Singh, managing director of Fiducian Investment Management.

The fund manager took out top FundSource awards this year for its India and IT funds, in the international category.

It has almost A$6 billion under advice, management and investment.

Singh said India was a good option for investors because it was starting from a low base.

“It opened up its economy about 16 years after China, so it’s absolutely grassroots. The population is 1.3 billion, with a huge opportunity to develop. The companies there are focused on being India-centric. They’ve got a captive audience there in India. There aren’t enough goods to go around.”

He said the IT fund was also a sound option with huge growth potential because technological improvement was “the one constant” in many people’s lives.

“By about 2050, the modelling says that humanity will not contribute at all to GDP growth. It has to be productivity, which is purely technology. If we, as a developed country, want to maintain our standards of living, we have to adopt that new technology pretty quickly. What we like about technology is pure technology – the brain technologies. For example, biotechnology, robotics, artificial intelligence, and nanotechnology.”

Singh said Fiducian had opted to bring those funds to New Zealand because they were something different.

“We felt that the two funds which had the highest probability of success would be the India Fund and the Technology Fund. With India, you don’t have to worry about it for 10 years, it’s non-reversible. With technology, it’s a lifetime, in perpetuity. It will continue to evolve and evolve until we can’t do without it. You can use your Apple phone or Android phone or whatever, or you can own the company that makes it.”

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Tags: Fiducian funds management FundSource GRTV investment technology