In challenging (though not unprecedented in that regard) economic times, to have NPAT rise by 17 per cent and the half yearly dividend increase by 20.32pc is very pleasing.
The uptrend in net funds inflow (page 5) and what FID says are competitive fees is another positive.
The great performance of its 'growth' and 'ultra growth' funds is not to be sneezed at, although one wonders how these will perform in the current environment. The Indian fund has also done very well - it's perhaps a nation ignored or underweighted by most fund managers.
FID Price at posting:
$8.00 Sentiment: Hold Disclosure: Held
