No rush to add to India’s position; buy only on a dip: Chris Wood
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Given the macroeconomic headwinds – the need for tighter monetary policy combined with the risk of a much higher oil price, are the main reasons why Wood was in no rush to add to the “overweight” position.
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Chris Wood | Market Outlook | stock market investment
Puneet Wadhwa |
Last Updated May 6, 2022 9:39 AM IST
India remains Asia’s best long-term structural story in terms of equities and investors should buy their favorite stocks down, suggested Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors. GREED & fear.
However, given the macroeconomic headwinds – the need to tighten monetary policy combined with the continued risk, if not the likelihood, of a much higher oil price, are the main reasons why Wood was not pressed to add to the “overweight” position he has in Indian equities in his Asia ex-Japan portfolio. “GREED & FEAR…
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First published: Fri 06 May 2022. 09:38 IST