Ashoka India Equity (ticker: AIE) joined the London market in July 2018, raising a modest £46m at 100p per share. It has been the best performer of the four Indian trusts since it was launched, and this has led to it frequently trading at a premium rating. Ongoing regular issuance has seen its share count rise from 46m to 169m and its net assets increase nearly tenfold to £440m. AIE also offers an uncapped annual redemption facility, which has so far seen very modest take-up. The highly-rated Indian market has struggled in the last couple of years, though, and so AIE currently trades at a 5% d...
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UPDATE: A revised version of this profile was published in August 2026.
Ashoka India Equity (ticker: AIE) joined the London market in July 2018 but only managed to raise £46m in its IPO due to concerns over how high oil prices might affect the Indian economy. It focuses on stock selection rather than making sectoral, macro, or market timing calls and has been the best-performing Indian trust since its launch. Ashoka has frequently traded at a premium rating and regular issuance has seen the share count rise from 46m to 111m. With its share price more than doubling as well, its market cap has ...
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Jonathan Davis A reminder that our content is now being published as it is produced, with a single summary email, barring technical glitches, on Sunday mornings. This week's profile features the specialist property trust LXI REIT. My Q and A is with Simon Edelsten, lead manager of the Mid Wynd investment trust, which follows a global thematic approach. Simon started his career working for the legendary fund manager Nils Taube before joining Artemis and taking over the management of Mid Wynd in 2014.
Markets and trust performance This week saw the latest hefty annual review from the brokers N...
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