The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
India: the investment opportunity too big to ignore?
India is the world’s third largest economy in purchasing power parity (PPP) terms. It has the best performing stock market in the world over the last 5 and 20 years and generates GDP growth of 7.4% pa. Yet, it does not feature in the MSCI World Index, and has only a 10% weighting in the MSCI Asia. Most investors, consequently, have little to no exposure to this powerhouse economy.
In this much anticipated episode of Your Wealth, Dr Mary Manning of Ellerston Asian Investments talks to Gemma Dale about why she believes the growth of the Indian market is too strong to ignore, covering key topics such as:
- The impact of structural reforms such as monetisation, infrastructure investment, and social schemes like housing and electricity for all
- How to access the rise of the Indian market, including specific stocks to consider
- Underpenetrated key sectors such as housing, finance, automotive and infrastructure
- Her greatest concerns, including upcoming elections, potential inflation and the rise in oil prices.
Access this and previous episodes now on iTunes, Podbean or at nabtrade.com.au/yourwealth.
