India Capital Fund Announces Record Investment Gains of +44.8% for May.
PR Newswire Europe, June, 2009
HONG KONG, June 22 /PRNewswire/ --
The India Capital Fund (ICF), a long-term absolute return fund, returned 44.8% in May, net of all fees, vs. a gain of 36.5% in dollar terms for India's Sensex index. ICF has gained 61.4% YTD, vs 56.6% for the USD Sensex.
India Capital Management (ICM), sole advisor to India Capital Fund, is among the longest standing investment managers in India. Its investors are primarily university endowments, foundations and high-net worth investors. The ICF invests in a long-term concentrated research driven portfolio of stocks. ICM's other funds, India Capital Opportunities 1 (ICO1) and India Institutional Fund (IIF) returned 51.6% and 69.1% respectively in May.
ICF was almost fully invested ahead of the Indian...
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