“I think there is a possibility that some of the FPIs reallocate part of portfolio allocations to China. However, any such decision is expected to be more tactical and not structural,” says Sachin Bajaj, EVP & Chief Investment Officer, Max Life Insurance. In an interview with ETMarkets, Bajaj said: “We are favorably positioned on the … Read more
ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more
Serious investors are looking beyond concerns over rich headline stock valuations and coming to India, said Ridham Desai, head-India equity research at Morgan Stanley. In an interview with Ankit Doshi and Nishanth Vasudevan on the sidelines of the firm’s investment conference, Desai said financials followed by industrials and consumer discretionary are his top investment picks. … Read more