Kashmir Issue, Religious Conflicts ‘Risks to Investment in India’
Author: Press Trust of India, Published on: 23 May 2017
A number of large foreign funds, managing trillions of dollars of investor assets globally, have flagged...persisting religious conflicts...and the ‘Kashmir dispute’ as potential risks to their investments in India, saying such “tensions” could destabilise the Indian economy. JPMorgan alone has flagged these...religious and border disputes...regarding investments in India in at least eight regulatory filings made by its various funds so far this month. Besides JPMorgan, a number of other funds, including the India Fund managed by Aberdeen Asset Management which has over $380 billion of assets under management, have listed similar “risks” in their regulatory filings made with the US Securities and Exchange Commission (SEC). Other such funds include Eaton Vance Greater India Fund, Mathews International Funds, Alps Funds (Financial Investors Trust), Franklin Templeton International Trust, Global X Funds and iShares Trust (managed by BlackRock Fund Advisors). Wasatch Funds Trust, Arthur J. Gallagher & Co and Causeway Capital Management Trust have also flagged similar concerns...A few US-listed Indian and India-focused companies have also made similar observations in their filings in 2017. These include HDFC Bank, Cognizant, Cancer Genetics, WNS Holdings, Genpact and MoneyOnMobile Inc.