The only reason to invest in Emerging Markets is for growth. However, India has its fair share of zombies that don’t grow their top line and operate in mature industries with mature economics. For example, over the last decade, Indian Fast-Moving Consumer Goods (FMCG) revenue growth has consistently trailed broader nominal GDP growth.
If new investment dollars chase growth in EMs, why bother with the cruft? Why not only invest in companies that have accelerating top lines?
This is the thought process behind Accelerating Toplines (Annual) and Accelerating Toplines (Quarterly) Themes. As their names suggest, the former is based on annual financials whereas the latter is based on quarterly reports.
Growth stocks tend to be volatile – these strategies should appeal to the more risk-seeking investor class.
Our pricing can be found here.