S Naren urges investors to avoid chasing rallying US stocks
In short
S Naren of ICICI Prudential MF said investors should not chase assets that have already run up sharply. He pointed to international debt, gold and real estate, and said valuation checks matter.
This matters for people deciding where to put money after market rallies. The report does not say which asset class will do best next, only that patience may be needed.
What the reporting says
S Naren of ICICI Prudential MF told the ET Wealth Expo that investors should avoid chasing asset classes after sharp rallies, describing that approach as “anti-asset allocation.” He said international debt can be a better option and pointed to valuation indicators, gold, real estate and patience during market corrections. The report does not give a specific portfolio recommendation or timing for any trade.
Why it matters
At the ET Wealth Expo, S Naren of ICICI Prudential MF warned against buying asset classes after sharp rallies and called it “anti-asset allocation.” He highlighted international debt as a better option and discussed gold and real estate as part of a valuation-based approach. The immediate market implication is a caution against chasing US stocks, but the report does not state any portfolio action or market forecast.