CLSA Equity Strategist Says India is the Best BRICs Investment Destination (LM)
In a May 16th interview published this week, Christopher Wood, equity strategist at Hong Kong-based securities house CLSA Asia-Pacific Markets, says the landslide win for the Bharatiya Janata Party (BJP) in the general elections bodes well for both India and the Indian stock market. Wood has had a “double overweight” on India because polls were showing that the BJP would win a decisive mandate, giving it a chance to have a “reasonably effective government.”
In addition, he mentioned:
The one important thing that really matters for the stock market and economy is—will the investment cycle resume in India? If the investment cycle resumes in next one to two years, this will be the first leg of a new bull market in India. I, personally, am giving the benefit of doubt to the fact that an investment cycle will resume.
He latter commented:
I would think India is looking extremely attractive in the emerging markets space at large. The reason is, India is not geared into the China story. The Chinese economy is slowing, China is getting into a difficult structural adjustment. So, emerging markets that are geared to the commodity cycle are facing a negative structural headwind and India is not geared into that side of story.
To read the whole article, India is No.1 destination among BRIC nations: Christopher Wood, go to the website of LiveMint.
- In Long Term Absolute Return Portfolio, I Have About 20 Stocks Which are Still Dominantly India: Chris Wood (The Economic Times)
- India to Offer More Investment Options Through ADRs (The Asset)
- Mild Recession in the US may Aid Asian Markets Including India: Credit Suisse’s Dan Fineman (Money Control)
- Best Consumer Stocks for Emerging Market Investors (Morningstar)
- Aberdeen CIO: India Will Surpass China for Growth (FE Trustnet)
- Hermes’ Greenberg: Overweight in India But Avoiding Modi Stocks (FE Trustnet)
- Chart: Stock Market Capitalization as a Percent of GDP (Guggenheim Investments)
- Diageo’s emerging market problems deepen (FT)
- How India (Mostly) Benefits From Low Oil Prices (The Economic Times)
- India’s Budget Moving in the Right Direction (Franklin Templeton)
- India: Underappreciated Alpha Opportunity? (Wellington Management)
- Zomato IPO Shows Foreign Investors Fueling India’s Tech Battle (Nikkei Asia
- Fundsmith Unveils an Investment Trust Targeting Emerging Market Consumers (FT)
- India ETF Flows Touch $1.5 Billion, Highest Among its BRIC Peers (Economic Times)
- Artemis’ Edelsten: Emerging Markets are Expensive With the Exception of China (What Investment)
Leave a Reply