The FMG Opportunity India Fund offers investors access to an opportunistic and highly concentrated portfolio of small to mid cap stocks in India, currently with two managers. India offers tremendous opportunities for investors due to its increased presence in the global economy. Its large and educated middle class workforce of nearly half a billion people continue to
be a major global competitor in the outsourcing, software, pharmaceutical and textile industry. This low cost, high IQ and English speaking country has more listed companies (over 6000) than the rest of Asia excluding Japan and China. The Bombay Stock Exchange is the world's second oldest operating stock market in the world. With an estimated 2007 P/E of 16 and earnings growth of over 25%, India offers attractive valuations and should be part of a long-term investor's portfolio. India's young population will add 71m people to its workforce in the next five years, or nearly a quarter of the world's extra workers.