(June 17): The Tantallon India Fund closed up 3.14% in May, rebounding sharply off mid-May jitters, buoyed by Prime Minister Narendra Modi’s decisive mandate in the general election. Amid stark geopolitical uncertainty, and the growing risk of protracted trade conflicts exacerbating a fragile global growth outlook, Modi’s victory is a clear positive, bolstered by strong corporate earnings, and in particular for the small- and mid-cap universe, continuing to surprise positively on the upside.

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