The £126.9m Ashoka India Equity investment trust is hunting new capital as it plans to issue new shares that will become effective next month.
The board of the trust approved the issuance of new shares in April following strong performance by the managers, White Oak Capital. White Oak founder Khemka eyes post-Covid market 'normalisation' for India The trust, which started trading in July 2018, has seen its NAV grow 46.2% to the end of April, compared to its benchmark MSCI India which has seen a 15% growth in the same period, according to its factsheet. "India is currently faced with the challenge of the second wave of the Covid-19 virus," said Andrew Watkins, chairman of the trust. However, he went on to highlight the ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
