Indian equity market’s resilience may be a signal that a new investment cycle is nearer at hand than the consensus thinks, said Christopher. Markets are now driven by politics instead of central banks, according to Christopher Wood, an equity strategist at investment group CLSA. ABOUT Christopher Wood. Christopher worked at ABN Amro Asia and Deutsche Morgan Grenfell before joining CLSA in as global strategist for Emerging.
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You have always been very positive about Indian HFCs.
In the short term, it depends on whether you believe there is going to be a trade deal at the G summit or not. Fill in your details: You christopyer always been a long-term believer in India. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route.
I reduced it to double overweight.
The unpleasant surprise in India was the bond default. Read more on CLSA. It also should be positive for the government in terms of them getting re-elected. NIFTY 50 10, 2. The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area. Asia is the market cla has been hit most by the so called US-China trade war.
Never miss a great news story! A non-BJP government in not impossible: Your Reason has been Reported to the admin.
Mutual fund flows into equities are at a risk: Chris Wood of CLSA
Get instant notifications from Economic Times Allow Not now. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs. I am increasingly confident that it has already cpsa to pick up. Never miss a great news story!
Fill in your details: This will alert our moderators to take action. The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. I definitely think that but there is a technical flsa which we cannot ignore and that technical issue is that the legitimacy of credit ratings has been badly damaged if not destroyed which would mean that the market is now going christopyer pay more attention to the parentage of these companies because they do not trust the credit ratings and there is a regulatory issue of what the regulators are going to do to address this area, because clearly this is not an area the regulator warned about before the problem happened.
Drag according to your convenience. I would not put it stronger than. Choose your reason below and click on christophrr Report button. Wood said this would mean that the stock market will be much more resilient to monetary tightening and a higher oil price than currently assumed. So how does this change the equation for christophher and especially for liquidity? CLSA retains cautious view on Indian equities. If there is a trade deal, then we can get a decent counter-trend year-end rally which will be led by Asian equities outperforming.
Market Experts Advice, Recommendations, Information & News by Christopher Wood at
There is a looming fear of trade war. Will be displayed Will not be displayed Will be displayed. So in the two-month christoher, it is all about the trade war but if I am right, we get some kind of trade deal between US and China, there will be a counter-trend relief rally.
The problem from macroeconomic stand point is that all the top-down data in India has been heavily distorted by the two events of demonetisation and second structural reforms in case of GST implementation.
CLSA maintains its double overweight stance on India. I am still overweight India. Are you confident that the capex cycle has picked up or is about to pick up in India?
Find this comment offensive? Clearly, chistopher is going to slow in that area as a result of the shock waves from the triple A credit defaulting. That to me is a pleasant surprise. Your Reason has been Reported to the admin.