Indian equity market’s resilience may be a signal that a new investment cycle is nearer at hand than the consensus thinks, said Christopher. Markets are now driven by politics instead of central banks, according to Christopher Wood, an equity strategist at investment group CLSA. ABOUT Christopher Wood. Christopher worked at ABN Amro Asia and Deutsche Morgan Grenfell before joining CLSA in as global strategist for Emerging.

Author: Vutaxe Faejas
Country: Ecuador
Language: English (Spanish)
Genre: Career
Published (Last): 4 March 2018
Pages: 183
PDF File Size: 13.6 Mb
ePub File Size: 3.36 Mb
ISBN: 826-6-83847-606-9
Downloads: 38178
Price: Free* [*Free Regsitration Required]
Uploader: Nemuro

It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much wlod resilient. But when we met in April, you had reduced your overweight position in India.

NIFTY 50 10, 2. Never miss a great news story!

You have always been a long-term believer in India. So clearly a slow. I think it is too late to reduce positions in India but based on my base case that the Modi government gets re-elected next year but with a reduced majority and that we get evidence of a capex cycle, I would be looking to raise my weightings early next year.

My hope is that the worst has been seen in this area. Kamlesh Rao, Kotak Securities. It also should be positive for the government in terms of them getting re-elected.

Christopher Wood (financial analyst) – Wikipedia

The delivery of affordable homes is a long-term growth woood which is very positive for those companies exposed to it. Will be displayed Will not be displayed Will be displayed. I am telling investors to own quality property stocks that will benefit from the healthy consolidation of the residential property sector which will be the consequence of the double shock of demonetisation and RERA.


Choose your reason below and click on the Report button. Drag according to your convenience. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. A non-BJP government in not impossible: Wood said Indian market has been resilient as the country is primarily a domestic-driven economy. Get instant notifications from Economic Times Allow Not now.

This will alert our moderators to take action. However, we are not out of the woods completely because we still have US monetary clas going on. To see your saved stories, click on link hightlighted in bold. This will alert our christooher to take action. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs.

The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area.

Find this comment offensive? I am increasingly confident that it has already started to pick up. I started the year triple overweight India.

Mutual fund flows into equities are at a risk: Chris Wood of CLSA

This will alert our moderators to take action Name Reason for reporting: CLSA retains cautious view on Indian equities. How would you map the risk-reward ratio for equity as an asset class?

This will alert our moderators to take action Name Reason for reporting: In my view, the residential property markets are still in an early stage of recovery after an extended downturn. I definitely think that but there is a technical issue which we cannot ignore and that technical issue is that the legitimacy of credit ratings has been badly damaged if not destroyed which would mean that the market is now going to pay more attention to the parentage of these companies because they do not trust the credit ratings and there is a regulatory issue of what the regulators are going to do to address this area, because clearly this is not an area the regulator warned about before the problem happened.


I did not know that was going to happen but I am retaining my double overweight.

The CLSA View: In Conversation With Christopher Wood

Get instant notifications from Economic Times Allow Not now. In my view, the Chinese economy is still okay and I believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India. Foul language Slanderous Inciting hatred against a certain community Others. That to me is cchristopher pleasant surprise.

CLSA’s Christopher Wood Takes Aim at BoJ Chief – Barron’s

Will be displayed Will not be displayed Cjristopher be displayed. I am increasingly confident that capex has started to pick up: Pledged share issue in India not as grave as China: Never miss a great news story!

Choose your reason below and click on the Report button. There is a looming fear of trade war. Technicals Technical Chart Visualize Screener. Are we wod for tough days, better days or flat days for equity markets? My Saved Articles Sign in Sign up.