CHRISTOPHER WOOD CLSA PDF
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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Mutual fund flows into equities are at a risk: Chris Wood of CLSA | Business Standard News
So clearly a slow. Will be displayed Will not be displayed Will be displayed. There is a looming fear of trade war. But my base case is at some owod next year, the US monetary tightening will end and the dollar will peak out.
China is more interesting in the short term than India: Read more on CLSA. The other area where I would take advantage of the recent correction to add to the exposure is chrustopher affordable housing area.
Use correction in financials to buy for the long term: CLSA’s Chris Wood | Business Standard News
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. That has made it harder to read the data series. In the short term, fhristopher depends on whether you believe there clsq going to be a trade deal at the G summit or not. Drag according to your convenience.
However, we are not out of the woods completely because we still have US monetary tightening going on.
It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much more resilient. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
This will alert our moderators to take action Name Reason for reporting: 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 christophee hugely significant and constructive development. 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.
I started the year triple overweight India. Your Reason has been Reported to the admin. My hope is that the worst has been seen in this area. It would also mean that any correction will be a buying opportunity, said Wood.
The unpleasant surprise in India was the bond default. Foul language Slanderous Inciting hatred against a certain community Others. There owod be more slowdown than previously anticipated but clearly a lot of that slowdown has been probably more than discounted in the sharp selloff.
I am increasingly confident that crhistopher has already started to pick up. A stable coalition can lift Nifty past 12,; may fall to 10, if weak: This will alert our moderators to take action Name Reason for reporting: To see your saved stories, click on link hightlighted in bold.
This will alert our moderators to take action. You have always been a long-term believer in India. One should be buying the fear rather than getting scared from the fall?
You have always been very positive about Indian HFCs. This will alert our moderators to take action. My Saved Articles Sign in Sign up. Get instant notifications from Economic Times Allow Not now. Kamlesh Rao, Kotak Securities. NIFTY 50 10, 2. That to me is a pleasant surprise. Get instant notifications from Economic Times Allow Not now. This is all the more impressive given that the rupee is down 9. I reduced it to double overweight. I clsx 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.
Find this comment offensive? Claa there is a trade deal, then we can get a decent counter-trend year-end rally which will be led by Asian equities outperforming.
It also should be positive for the government in terms of them getting re-elected. Get instant notifications from Economic Times Allow Not now You can switch off notifications christolher using browser settings. My Saved Articles Sign in Sign up. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy.
The Sensex is up Clearly, growth is going to slow in that area as a result of the shock waves from the triple A credit defaulting. In my view, the Chinese economy is still okay and I believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India.
New investment cycle nearer than expected: Chris Wood, CLSA
The affordable housing programme is kicking in on the ground. In my view, the residential property markets are still in an early stage of recovery after an extended downturn.
In October, we saw some renewed inflows into the bond funds after the big stampede out of them in September. How would you map the risk-reward ratio for equity as an woos class?