Up until March 2016, he was an emerging markets fund manager for Vontobel, $30 billion mutual fund investor. Some 30% of his emerging market fund was in India and he dropped it down to 9% when he left a year ago. India Is Big MoneyFrom a valuation stand point, India is the most expensive of the BRICs. HDFC Bank in India is up 13.5% this year in dollars, beating the index, and it trades at 60 times earnings. I think India fits that bill."

Source: Forbes January 31, 2017 20:35 UTC