Reported 8 months ago
Global stock markets have seen more gains than losses this year, with continuous record highs. Among overseas funds denominated in New Taiwan Dollar, 47 funds reached new net asset values by June 18, with Indian and technology-related funds showing impressive performances. Over the past quarter, 12 funds surged over 15%, with Yuanta India Mid Small Cap Fund leading with a 23.2% increase. The Indian manufacturing index PMI has been above the 50-mark for 35 consecutive months, indicating strong local demand boosting services and exports. With India projected to have one of the fastest GDP growth rates globally in the coming years, the outlook for the Indian stock market remains positive. Fund managers point to ongoing reforms, resilient macroeconomy, and robust corporate profit prospects as factors supporting the bullish market trend.
Source: YAHOO