Dreyfus has launched the Dreyfus India Fund, rounding out its emerging markets offerings. Dreyfus affiliate Hamon U.S. Investment Advisors, which specializes in Asian investments, will sub-advise the fund. The Dreyfus India Fund will invest in both equities and fixed income, and seek companies with strong growth potential and that are attractively priced.
“India is the eighth-largest economy in the world, and we see enormous opportunity,” said Dreyfus Chairman and CEO Jon Baum. “Dreyfus has leveraged Hamon’s expertise in Asian markets through its management of Dreyfus Greater China Fund and Dreyfus Emerging Asia Fund. We are confident that Hamon will continue to uncover opportunities for shareholders in this vibrant market.”
Demographics and reforms should translate into job creation, income growth and higher savings and investment, added Hamon CEO Hugh Simon, who will also serve as one of the portfolio managers of the fund. “Domestic consumption has fueled much of India’s economic growth over the last few years and should be the key driver of the country’s future growth over the long run,” Simon said.