homemarket NewsIndia an attractive investment and suitable from a macro perspective: Carillon's Matt Orton
India an attractive investment and suitable from a macro perspective: Carillon's Matt Orton
Matt Orton, Chief Market Strategist at Carillon Tower Advisers said on Thursday that India is attractive for investment, adding that it is well placed from a macro and earnings perspective.
Matt Orton, Chief Market Strategist at Carillon Tower Advisers said on Thursday that India is attractive for investment, adding that it is well placed from a macro and earnings perspective.
“When the market provides with an opportunity when there are moves like we did on September 13; particularly in the US, use it opportunistically as a long-term investor to pick your positions," Orton told CNBC-TV18.
“Smallcaps look attractive from an earnings perspective and valuation perspective. Emerging markets, Latin America and India in particular, also look attractive to add for global asset allocation and that view does not change,” he said.
Also Read: Digitisation and manufacturing now driving emerging markets including India: Morgan Stanley
According to him, hedge funds' position in global equities is at a multi-year low.
“Hedge fund positioning in global equities is near multi-decade lows. So from a positioning standpoint, the fact that we have not breached key technical levels back going down to the June lows — that is a little bit more constructive,” said Orton.
However, said Orton, emerging markets have had more than a decade of underperformance.
Also Read: Outlook towards India positive compared to its emerging market peers: Marcellus Investment
While talking about the US market, he said that a 100 bps rise in rates by US Fed can turn many investors bearish on the market.
For the entire interview, watch the accompanying video
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
UP Police arrests man after viral videos shows him voting multiple times
May 20, 2024 2:18 PM
Lok Sabha Election 2024 Phase 5: 37% voter turnout recorded till 1 pm, highest in Ladakh at 52%
May 20, 2024 10:30 AM
Lok Sabha Election 2024: Is it mandatory for employers to give paid holiday on voting day? | Explained
May 20, 2024 10:07 AM
Lok Sabha Elections 2024 | How critical is Phase-5 for both NDA and I.N.D.I.A
May 20, 2024 7:30 AM