#1 Worst: Dreyfus India
The deceleration of growth in India has been reflected in the Bombay Stock Exchange Sensitive Index, which fell by 3.4% in Q1. However, investing in emerging markets can be a risky game, and a few clunkers can wreak havoc on a portfolio.
The Dreyfus India Fund (MUTF:DIIAX) found itself on the wrong side of a number of trades, aggravating losses — and obviously not keeping up with its focus on quality and long-term growth potential.
Some of the biggest laggards in Dreyfus’ current holdings include Reliance Communications (-25%), loan provider IFCI Limited (-22%) and Tata Motors (NYSE:TTM, -15%). All are top 10 weightings, to boot.