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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China is more interesting in the short term than India: 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’s Christopher Wood Takes Aim at BoJ Chief – Barron’s
Asia is the market that has been hit most by the so called US-China trade war. Woof the short term, it depends on whether you believe there is going to be a trade deal at the G summit or not.
If, however, I am wrong christolher there is no trade deal between US and China, then it is just bearish. Never miss a great news story! The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area.
Technicals Technical Chart Visualize Screener. It is a positive because foreigners have been wiod and that is just playing good news because it makes the stock market much more resilient. My hope is that the worst has been seen in this area. The affordable housing programme is kicking in on the ground.
How would you map the risk-reward ratio for equity as an asset class? Foul language Slanderous Inciting hatred against a certain community Others.
But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs.
Use correction in financials to buy for the long term: CLSA’s Chris Wood
My Saved Articles Sign in Sign up. In October, we saw some renewed inflows into the bond funds after the big stampede out of them in September. Your Reason has been Reported to the admin. Get instant notifications from Economic Times Allow Not now.
Capex cycle revival, Modi re-election key for rally: CLSA’s Chris Wood
That has made it harder to read the data series. If there is a trade deal, then we can get a decent counter-trend year-end rally which will be led wod Asian equities outperforming.
I did not know that was going to happen but I am retaining my double overweight. This will alert our moderators to take action Name Reason for reporting: I started the year triple overweight India. I reduced it to double overweight. It would also mean that any correction will be a buying opportunity, said Wood.
Get instant notifications from Economic Times Allow Not now. I would not put it stronger than. Never miss christopner great news story! My Saved Articles Sign in Sign up.
Christopher Wood, Equity Strategist, CLSA – CLSA
I think it is too late to reduce positions in India but based on xhristopher 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. I am still overweight India.
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.
It also should be positive for the government in terms of them getting re-elected.
A stable coalition can lift Nifty past 12,; may fall to 10, if weak: Pledged share issue in India not as grave as China: So clearly a slow. Technicals Technical Chart Visualize Screener.