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EVA India Scorecard – Concentration Risks
We have seen the SPIVA scorecards and how Active Mangers underperform the S&P Indexes. This is brilliant work done by the S&P Global team as they have persistently articulated how it’s hard to select and beat the S&P Indexes around the world. This feature is about introducing our scorecard and for simplicity we are calling…
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How BSE 100 missed the Adani’s?
Did you know that India’s most prominent 100 companies mapped as S&P BSE 100 experienced its emerging moment when in a matter of nearly 36 months, four Adani group companies scaled up 1000 to 2000 times? They continued to fly under the radar as they did not have enough size [market capitalization] to get a…
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BRICs, storytelling, and dispersion mechanisms
Dreaming BRICs was a Goldman Sachs paper released on 1 October 2003, which popularized the term BRIC [Brazil, Russia, India, China] with a macroeconomic investment thesis. The authors speculated a spectacular growth of the emerging block. Revisiting the feature one can see that the last 19 years have not worked out well for the forecast.…