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India was already cooling before lockdown
Carnegie Indienfond

India was already cooling before lockdown

The Indian market fell again in May. Carnegie Indienfond fell 7.4 percent this month, largely due to a weakening of the currency. The Indian rupee fell 4.7 percent against the...

Gunnar Påhlson 4 June 2020
Low valuation – but too early to sound the all-clear
Carnegie Indienfond

Low valuation – but too early to sound the all-clear

India went into lockdown in the last week of March in order to restrict the spread of Covid-19. This was originally intended to last three weeks, but has now been...

Gunnar Påhlson 6 May 2020
Focus on groceries during Indian lockdown
Carnegie Indienfond

Focus on groceries during Indian lockdown

Since its peak on January 17, the Indian stock market has fallen 31%. India has had a number of corrections over the past five years. Narendra Modi’s economic policies have...

Gunnar Påhlson 3 April 2020
The downside to index tracking
Carnegie Indienfond

The downside to index tracking

Carnegie Indienfond fell 4.1 % this month. Around forty cases of coronavirus were registered in India this past week. All appear to have been infected abroad. India already has plenty...

Gunnar Påhlson 9 March 2020
Indian profits impress
Carnegie Indienfond

Indian profits impress

The Indian market outperformed the rest of Asia in January. Carnegie Indienfond rose 2.2% this month. As faithful readers may have noted, it has been difficult to be impressed by...

Gunnar Påhlson 3 February 2020
India is battling headwinds
Carnegie Indienfond

India is battling headwinds

The Indian market underperformed the rest of Asia in December. Carnegie Indienfond fell 0.8 percent. Asian stock exchanges were traded up this month as risk appetite swelled after China and...

Gunnar Påhlson 7 January 2020
Recurring blunders in India
Carnegie Indienfond

Recurring blunders in India

Trends for both corporate investment and private consumption are weaker this year. The government, which previously contributed to growth through investments in infrastructure projects, must now tighten its belt. Excluding...

Gunnar Påhlson 5 December 2019
Data is the new oil
Carnegie Indienfond

Data is the new oil

The Indian market was up in October. Carnegie Indienfond rose by a slight 0.03%. The government implemented a reform last month that reduced corporation tax to 25%. This was very...

Gunnar Påhlson 4 November 2019
Mixed impressions from India trip
Carnegie Indienfond

Mixed impressions from India trip

The Indian market was very strong in September. Carnegie Indienfond rose 7 percent. A week-long trip to India and meetings with 20 companies left a mixed impression. The economy is...

Gunnar Påhlson 8 October 2019
Values – Carnegie Fonder’s Sustainability Report

Values – Carnegie Fonder’s Sustainability Report

Focus is increasingly on sustainability. The concerns are rarely new to Carnegie Fonder because it has always been important to us to invest in companies for the long term and...

Hans Hedström 1 October 2019
Slow growth threatens India’s economy
Carnegie Indienfond

Slow growth threatens India’s economy

Growth in the Indian economy slowed further in the second quarter; a rate of 5 percent is the lowest for six years. The more subdued growth is also starting to...

Gunnar Påhlson 3 September 2019
Worrying loan losses in India
Carnegie Indienfond

Worrying loan losses in India

The Indian stock market performed poorly in July, after showing clear signs of declining investor interest back in June. Economic growth is on a downward trend, albeit from a high...

Gunnar Påhlson 8 August 2019
Ambitious reforms, but negative effects
Carnegie Indienfond

Ambitious reforms, but negative effects

The Indian market was hesitant in June, and fell back. Carnegie Indienfond fell 2.0 % and is up so far this year by 10.4 %. India is showing clear signs...

Gunnar Påhlson 2 July 2019
Economic growth is challenging for India
Carnegie Indienfond

Economic growth is challenging for India

The Indian market was up in May. Carnegie Indienfond rose 1.0 %, giving it a gain of 12.6 % year to date. Asian markets were sold off this month, following...

Gunnar Påhlson 7 June 2019