Manufacturing will do well, services will struggle: Invesco MF
“From a global standpoint, we will probably see manufacturing led economies do better and service economies probably will struggle a little bit given that in the base case, we would expect a vaccine to come sometime in the second half of 2021,” said Taher Badshah, CIO Equities, Invesco Mutual Fund in an interview with CNBC-TV18.
“As we peep into the next year, the set up for the equity market looks still fine,” said Taher Badshah, CIO Equities, Invesco Mutual Fund in an interview with CNBC-TV18. “The broadbasing of the market probably should continue from here as well,” he said.
“Given the kind of circumstances that we are in and we are coming out of a fairly difficult kind of a crisis, we don’t have a choice but to work with certain scenario assumptions as we move into 2021,” he said.
He expects equities to outperform other asset classes by a fair margin.
“From a global standpoint, we will probably see manufacturing led economies do better and service economies probably will struggle a little bit given that in the base case, we would expect a vaccine to come sometime in the second half of 2021,” Badshah said.
“There is a good chance that we see the broadbasing of the economy that we have been awaiting for the last good number of years come about during the course of 2021. Therefore, I would not be surprised if the market is broadbasing as we can see today,” he mentioned.
On metals, Badshah said, “There are pockets of metals particularly in the steel space that do excite us and also figure as part of our portfolio exposures. We would probably see a lot more momentum out there as well going forward.”
For entire discussion, watch video...
(Edited by : Santosh Nair)
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