Singapore-based boutique asset management firm

River Valley Asset Management

River Valley Asset Management is a Singapore-based boutique asset management firm. Our team at RVAM strongly believes in being a trusted steward of our clients' wealth across generations.

Each of our fund managers has years of rich portfolio management experience over multiple market cycles at world-class investment houses. We bring our clients the combined strength of our investment team to manage their financial portfolios and to provide bespoke guidance on all aspects of their financial health.

We offer multi-asset class expert investment advice to accredited investors who are family offices, high net worth individuals and institutional investors to preserve and grow our clients' wealth.

The fund management team of the company includes Homiyar Vasania, Anand Ramachandran and Jamshed Desai.

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Partner, River Valley Asset Management

Partner

Macroeconomics

<p>This week, as both India and Indonesia celebrate their independence day, we are stuck by how similar drivers in these economies are and despite the obvious differences, the paths being followed seem to be converging in more ways than one. India and Indonesia both experienced positive tectonic political change in their respective national elections in 2014. Actual delivery by Prime Minister Modi in India and President Joko Widodo in Indonesia has been positive, but less than the initial hyped-up investor expectations. Both are scheduled to have elections in 2019. Looking at macro-economic variables, an important topical differentiation between the two since 2014 is inflation: it eased in both countries, but Indonesia is the clear winner. Looking ahead, growth is poised to improve in both economies, but the risk of inflation appears to be greater in India. This would prompt further monetary tightening. Indonesia’s inflation is better behaved but it has tightened more than India. More tightening is likely, but mainly for defending the currency.</p>

This week, as both India and Indonesia celebrate their independence day, we are stuck by how similar drivers in these economies are and despite the obvious differences, the paths being followed seem to be converging in more ways than one. India and Indonesia both experienced positive tectonic political change in their respective national elections in 2014. Actual delivery by Prime Minister Modi in India and President Joko Widodo in Indonesia has been positive, but less than the initial hyped-up investor expectations. Both are scheduled to have elections in 2019. Looking at macro-economic variables, an important topical differentiation between the two since 2014 is inflation: it eased in both countries, but Indonesia is the clear winner. Looking ahead, growth is poised to improve in both economies, but the risk of inflation appears to be greater in India. This would prompt further monetary tightening. Indonesia’s inflation is better behaved but it has tightened more than India. More tightening is likely, but mainly for defending the currency.

Jakarta Stock Exchange Composite Index (JCI INDEX)

Different Strokes: India Versus Indonesia