Himalayan Fund celebrates 25th anniversary on Euronext Amsterdam

Chairman of the Board of Himalayan Fund NV, Ian McEvatt, sounds the gong to mark the 25^th anniversary of the Fund’s launch on the Amsterdam exchange. At the time of its launch, Himalayan Fund was the largest single-country investment fund in the world and it remains one of the oldest investing in India today.

McEvatt: “We have been impressed with the way a new government in Delhi, working with a new regime at the Reserve Bank of India have succeeded in boosting investor sentiment on India. We remain confident that upward momentum will be maintained. The RBI has confirmed its policy of monetary easing by endorsing the government’s commitment to fiscal consolidation and reform in the recent Union Budget. The current market valuation is near its historical average, with plenty of scope for multiple expansion as well as earnings-driven appreciation over the next few years. The prospects for more excellent returns are good”

McEvatt added: “We are delighted with our long association with Euronext Amsterdam which provides an excellent trading platform assuring liquidity for our shareholders”

For more information: www.himalayanfund.nl

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