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New India IT- Rating removed

By MARCEL PORCHERON 21/05/2007

New India IT- Rating removed by Marcel Porcheron

After a strong bull market over the last four years we believe it prudent to begin removing less liquid assets from our portfolios. With a market cap of just £69m we are concerned that the liquidity of the New India IT may prove insufficient in the event of a correction.

This is not a comment on management and we retain confidence in Hugh Young and his team. However, we now prefer to access them through their more liquid, but equivalent, open ended Aberdeen Global India Opportunities fund.

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