Next two-three quarters likely to be rough for equity markets, says Aberdeen’s Adrian Lim

The next two-three quarters are likely to be rough for the equity markets, said Adrian Lim, Investment Director – Asian Equities, Aberdeen Standard Investments, advising investors to be cautious about too much exposure.

Lim said the rally in global equity markets is liquidity-driven and added that "it has gone a bit ahead of itself, not just in India but across the region as well".

“Obviously a recovery will be quite significant, but that will be measured against the lowest points of the economy which we haven’t reached yet. So, I think the next two or three quarters are still going to be very rough and I would be cautious about too much exposure in the markets at these levels," said Lim.