Key Points
There are some people who are still hesitant ahead of the elections, and once the election is behind us, you could probably see many coming to the market, Sunil Koul, Asia Pacific equity strategist, said in an interview in Singapore..
Global mutual funds with about $2.4 trillion in combined assets are underweight India by close to 150 basis points compared to historical positions, Goldman analysis found...
Indias stock benchmarks, trading at record highs, just clocked their eighth straight year of gains as investors bet on the countrys booming economic growth prospects and see it as an alternative to Chinas struggling market...
Goldman has a base case of policy continuity for India post-elections, and is overweight the market on expectations of about 15% earnings growth compounded annually this year and the next, Koul said..
Theres interest in recent months from many North Asia-seeded funds who are based in Taiwan, Hong Kong or China, even regional funds who traditionally have always been more Hong Kong- and China-focused, Koul said..
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