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It has a reputation for clean governance—"The best-run firm in India," says a foreign fund manager.
In Singapore, for example, a foreign fund cannot even register unless it is managed entirely in that market.
And since half of India's shares are held by promoters, a foreign fund cannot take a worthwhile position without managers' acquiescence.
But Caracas soared by 9.2% on February 16th to a nine-month high, as a foreign fund bought telecoms shares.In this section CENTRAL BANKERS FINANCIAL MARKETS ECONOMY Reprints.
The paper reported, however, that the watchdog Financial Services Agency appeared reluctant to allow a foreign fund to become the top shareholder in Aozora.
"When they look at a foreign fund that has names they can't pronounce and it's down 15percenttheyhey're more likely to sell it".
Similar(41)
The deposits these operations gather are also handy as a foreign funding base.
In total, 34.1% (297/870) listed an Indian funding agency and the remaining two-thirds (573/870) listed a foreign funding source.
Are you paying more than $1 a year per $100 for a domestic stock fund, or $1.50 a year for a foreign stock fund?
Next, a foreign stock fund.
If you already own a foreign stock fund that does not hedge away its foreign-currency risk (such as Harbor International), sell it and switch to a foreign stock fund that does hedge (like Pioneer International Equity-A).
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