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Martin Gilbert linked India trust seeks Abrdn fund merger
India Capital Growth, whose Ocean Dial fund manager is part of the new group of Aberdeen Asset Management founder Martin Gilbert, has made several merger approaches to Abrdn New India.
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Ayaz Ebrahim, lead manager of JPMorgan Indian, takes up new job running group's South-East Asia business, while co-managers leave the emerging Europe and Japan small-cap funds.
James Carthew: JPMorgan Indian off the boil as India reaches melting point
Last month's comfortably passed continuation vote belies years of underperformance by this trust. Its two mid-cap rivals look better even if India's financial regulator worries about hot money.
Numis: Six trust tips for a bet on re-rated growth
Better late than never, Deutsche Numis analysts review their annual investment company recommendations, adding six listed funds and removing three.
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