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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I am increasingly confident that it has already started to pick up. However, we are not out of the woods completely because we still cjristopher US monetary tightening going on. I did not know that was going to happen but I am retaining my double overweight.
The CLSA View: In Conversation With Christopher Wood – video dailymotion
I started the year triple overweight India. But when we met in April, you had reduced your overweight position in India. The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. Never miss a great news story! I am still overweight India. Read more on Indian Stock market.
Your Reason has been Reported to the admin. But my base case is at some point next year, the US monetary tightening will end and the dollar will peak out.
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Mutual fund flows into equities are at a risk: Chris Wood of CLSA
There is a looming fear of trade war. Read more on CLSA. Technicals Technical Chart Visualize Screener.
Foul language Slanderous Inciting hatred against a certain community Others. I would not put it stronger than.
How would you map the risk-reward ratio for equity as an asset class? The unpleasant surprise in India was the bond default. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy. This will alert our moderators to take action Name Reason for reporting: Fill in your details: Find this comment offensive? I think it is too late to reduce positions in India but based on my base case that the Modi government gets re-elected next year but with a reduced majority and that we get evidence of a capex cycle, I would be looking to raise my weightings early next year.
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Christopher Wood (financial analyst)
Clearly, growth is going to slow in that area as a result of the shock waves from the triple A credit defaulting. There will be more slowdown than previously anticipated but clearly a lot of that slowdown has been probably more than discounted in the sharp selloff.
You have always been a long-term believer in India. A stable coalition can lift Nifty past 12,; may fall to 10, if weak: CLSA maintains its double overweight stance on India. 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.
It would also mean that any correction will be a buying opportunity, said Wood. One should be buying the fear rather than getting scared from the fall? Asia is the market that has been hit most by the so called US-China trade war.