Core Viewpoint - The article emphasizes the strategic value of investing in overseas sovereign equity markets, particularly highlighting India's strong economic growth and low correlation with A-shares, which can enhance portfolio resilience [3][4][5]. Group 1: India's Market Potential - India has achieved a GDP growth rate exceeding 9% for four consecutive years, driven by a growing middle class and government initiatives like "Make in India" and "Digital India" [4]. - The MSCI India Index is projected to have an annualized return of 7.19% by the end of 2024, significantly outperforming the MSCI Emerging Markets Index at 2.70% [5]. - The correlation between the A-share market and the Indian stock market is low, with a correlation coefficient of only 0.22, indicating strong independence in market performance [5]. Group 2: Investment Recommendations - The article recommends the Manulife India Opportunity Equity (QDII) A fund, which focuses on high-quality companies in India with a strong growth narrative and relatively low valuations [7]. - The top ten holdings of the fund include major players like HDFC Bank, Infosys, and Reliance Industries, reflecting a focus on sectors driven by domestic demand [8]. - The fund is characterized by a high equity allocation and significant volatility, making it suitable for investors with long-term confidence in India's economic growth and a higher risk tolerance [10].