| SHIPPING FUND |
| Rationale for Investing |
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- As the other sectors shipping was also hit hard by the crisis in second half of 2008
- In December’08, Baltic Dry Index (BDI) touched an all time low of 663 levels
- Since then the BDI has steadily moved up with improvement in the world trade
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- The vessel price moves in tandem with BDI
- Though the BDI has moved a bit, there has been little movement on the vessel prices front
- This gives an opportunity for catching the up-side on asset price
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- There has been growth in the dry bulk import market specially in Asian countries led by China & India in the last one year
- This throws tremendous opportunity of increasing seaborne trade in the Asian geographies
- This has had an impact on the charter
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| Browse Funds Under Management |
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