India is a growth high value index, says Adrian Mowat
Adrian Mowat, Emerging Equity Markets Strategist spoke at length about US bond market, global markets and emerging markets.
The US economy is strong, the global market is tight and the Federal Reserve is increasing rates and it is quite likely that rates could be 2-2.25 percent by the end of this year, Mowat said.
Talking about bond market, he said, “I think US bond yield will continue to drift higher in order to maintain standard yield curve. So buying bond today is a mistake because you might make a capital loss.”
On the India market front, he said if you look at India as a market in perspective of emerging market; India is very much a growth high value market, growth high value index and that is why it’s struggling relative in 2018 because that’s just not the right style to have.
First Published: Apr 25, 2018 10:16 AM IST
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