Aberdeen Global's equity fund replaces HSBC's Global Asset Management as the biggest investor in India
Since November, there has been a tug-of-war in the league of offshore funds investing in India. The Luxembourg-based Aberdeen Global and Singapore-based HSBC Global Asset Management have been fighting to grab the top slot. Aberdeen Global’s fund that invests in Indian equities now appears to be decisively nosing ahead in the race. It first overtook rival HSBC’s fund in November and is now pulling away as investors shun HSBC and prefer Aberdeen.