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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So how does this change the equation for markets and especially for liquidity?
Mutual fund flows into equities are at a risk: Chris Wood of CLSA | Business Standard News
The affordable housing programme is kicking in on the ground. So clearly a slow. CLSA retains cautious view on Indian equities. The delivery of affordable homes is a long-term growth story which is very positive for those companies exposed to it. The Sensex is up Asia is the market that has been hit most by the cnristopher called US-China trade war. Get instant notifications from Economic Times Allow Not now.
That to me is a pleasant surprise. Are we in for tough days, better days or flat days for equity markets? That has made it harder to read the data series. In a note in February, immediately after the budget, you had raised concerns that after the imposition of capital taxes, the domestic inflows into equities will slow down. This will alert our moderators to take action Name Reason for reporting: Wood said Indian market has been resilient as the country is primarily a domestic-driven economy.
The unpleasant surprise in India was the bond default.
In October, we saw some renewed inflows into the bond funds after the big stampede out of them in September. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs.
Market Experts Advice, Recommendations, Information & News by Christopher Wood at
I am increasingly confident that capex has started to pick up: CLSA maintains its double overweight stance on India. But my base case is at some point next year, the US monetary tightening will end and the dollar will peak out.
China is more interesting in the short term than India: You have always been very positive about Indian HFCs.
Drag according to your convenience. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route. Choose your reason below and click on the Report button. Read more on CLSA. In the short term, it depends on whether you believe there is going to be woid trade deal at the G summit or not.
CLSA’s Christopher Wood Takes Aim at BoJ Chief
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. Get instant notifications from Economic Times Allow Not christopehr. 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. I am telling investors to own quality property stocks that will benefit from the healthy consolidation of the residential property sector which will be the consequence of the double chrisropher of demonetisation and RERA.
Foul language Slanderous Inciting hatred against a certain community Others. In my view, the residential property markets are still in an early stage of recovery after an extended downturn. One should be buying the fear rather than getting scared from the fall? Pledged share issue in India not as grave as China: Your Reason has been Reported to the admin. 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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It would also mean that any correction will be a buying opportunity, said Wood. This will alert our moderators to take action. However, we are not out of the woods completely because we still have US monetary tightening going on.
Capex cycle revival, Modi re-election key for rally: CLSA’s Chris Wood
I started the year triple overweight India. My hope is that woox worst has been seen in this area. But I completely agree with what you just said that the indications are that the investment cycles are on the point of turning and the resolution of some of these NPAs is a hugely significant and constructive development. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy, which has much qood exposure to trade concerns driven by US President Donald Trump.
This will alert our moderators to take action Name Reason for reporting: NIFTY 50 10, 2.