| Sunil Thakor, MD, Sands Capital, on why China and India are ripe for investment.
Talking at the recent #InvestecWealth Forum, Thakor gave examples of the unexpected industries he has found fantastic growth opportunities in. India rising “One of our favourite parts of the world is India,” says Thakor. The country’s attractive young demographic profile and the great deal of positive structural reform going on in the country is “providing a great foundation for accelerating GDP growth,” says Thakor, who pointed to an example of India’s booming two-wheeler industry in his speech. “China’s a mixed bag” “On the surface, it looks like China’s growth is slowing but if you peel back the onion just a little bit underneath you have a vibrant consumer economy that’s growing quite rapidly,” says Thakor. In China it is ecommerce in particular that has caught Thakor’s eye. “China has the largest and fastest growing ecommerce market in the world. Some might think of a business like Alibaba as an ecommerce company, but we think of it almost as the operating system for retail in the country, with many retailers plugging into Alibaba’s system to sell their goods.” This ties into Thakor’s investment philosophy of owning the companies who hold the key enabling technologies in an industry. Watch video of Thakor’s full presentation here: http://bit.ly/2z1HmAw Watch video: Why the Chairman of Investec’s Global Investment Strategy Group is a China bull http://bit.ly/2BUoSAu Get all insights from the Investec Wealth Forum here: http://bit.ly/2Ad8AT1 |
Tags:
