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Rating:Wasatch Reveals its Bombay Dreams Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 26, 2011

Wasatch Reveals its Bombay Dreams

Reported by Hung Tran

Wasatch Funds [see profile] has added the Wasatch Emerging India Fund to its linuep of small cap offerings. The firm is touting its latest offering as the first actively managed India-focused mutual fund with a small cap bias.

Ajay Krishnan and Roger Edgley. “U.S. investors are missing what we think are the most compelling opportunities in India—smaller companies,” stated Krishnan.

Edgley added that the firm is "comfortable focusing on just India because we believe the quality of company management teams as well as the business infrastructure and regulations are very high in India relative to other emerging countries.”
Wasatch Launches Emerging India Fund The First Actively Managed India Fund with a Small Cap Bias

Salt Lake City, Utah, April 26, 2011 – Wasatch Funds announced today the launch of the Wasatch Emerging India Fund (WAINX). This is the first actively managed India mutual fund with a small cap bias. It will focus on growth stocks from one of the World’s fastest growing economies. The Fund will be managed by a team of Wasatch portfolio managers, led by seasoned portfolio managers Ajay Krishnan and Roger Edgley.

“We believe there will be tremendous investment opportunities in India over the next decade,” said portfolio manager Ajay Krishnan. “India is a $4 trillion economy that is expected to grow at roughly 8% per year over the next five years.[i] Wasatch has been investing in India for 10+ years and we will leverage our India experience in this new fund.”

Said co-portfolio manager and Director of International Research Roger Edgley, “India has a rapidly growing middle class and an abundance of small, high-quality companies, including over 300 IPOs in the last five years.”[ii] We are comfortable focusing on just India because we believe the quality of company management teams as well as the business infrastructure and regulations are very high in India relative to other emerging countries.”

A hallmark of Wasatch’s search for the “World’s Best Growth Companies” is turning over every rock to find smaller, lesser known companies. The average large cap stock in India has more than 2.5 times as many analysts following it compared the average small cap stock, and this ratio balloons to 6-to-1 when comparing large cap to micro cap stocks.[iii] “U.S. investors are missing what we think are the most compelling opportunities in India—smaller companies,” said Mr. Krishnan.

Wasatch has been investing in small caps stocks for over 35 years and launched its first global fund more than a decade ago. Wasatch currently has three international funds and two global funds, including: Wasatch International Growth Fund (WAIGX) Wasatch International Opportunities Fund (WAIOX) Wasatch Emerging Markets Small Cap Fund (WAEMX) Wasatch Global Opportunities Fund (WAGOX) Wasatch World Innovators Fund (WAGTX).

Contact Information: Jody Lowe: 414.322.9311 / jodylowe@att.net Eric Huefner: 801.983.4103 / ehuefner@wasatchadvisors.com

About Wasatch Advisors® Wasatch Advisors is the investment manager to Wasatch Funds®, a family of no-load mutual funds, as well as separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. The portfolio managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch Advisors research team in making investment decisions. Wasatch Advisors is an employee-owned investment adviser founded in 1975 and headquartered in Salt Lake City, Utah. 

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