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September 22, 2014

Indian stock funds topping the charts so it is foolish for you to jump in now?

  • The manager of Matthews India fund is optimistic about India's growth in the long term, but anyone looking to make money in the next year may be disappointed.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — To find the year's best-performing mutual funds, head east.

    In India, excitement surrounding a new prime minister has catapulted stocks higher, and mutual funds that focus on the country have reaped the gains. For example, the Matthews India fund (MINDX) has returned 52 percent in 2014 through last week. That's more than any other fund that Morningstar tracks, and it's more than five times the gain of the Standard & Poor's 500 index. Only seven mutual funds have returned more than 30 percent this year, and five of them focus exclusively on Indian stocks.


     
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