Key Points
We believe that the global bear market in equities will commence in earnest within the next 8-10 weeks, and we expect the Indian markets to have peaked out and begin their downward journey by then, says Amit Goel, Co-Founder and Chief Global Strategist at Pace 360'...
In an interview with ETMarkets, Goel who has over 28 years of experience in investing said: We would advise our investors to be extremely underweight in those segments and have a multi-asset approach in their portfolio whereby they could enjoy the benefits of bull runs/rallies in other asset classes while the equity markets are overvalued,..
By following this approach, investors could generate a return of 18-20% on their portfolios while avoiding the risk and downside emanating from the overvalued equity markets...
Amit Goel: We anticipate that even defensive sectors in the market, such as FMCG, pharma, and utilities, are so richly valued at this point that they may not be able to provide a great cushion when the bear market starts...
Hence, in our opinion, the best approach to investments would be a macro top-down multi-asset approach where we do not necessarily have to look for stocks/sectors that may generate a positive return in a falling equity market, which is an extremely difficult task considering the state of overvaluation across sectors in our market.. Election will start in April are there any sectors that have done well post the event?..
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