Waterfield Advisors says developed markets now offer stronger growth
In short
Waterfield Advisors MD Riddhiman Jain said developed markets are looking better right now. The summary says he thinks they offer stronger growth and higher returns, and that money may be moving away from India.
He also said oil could affect inflation more clearly in the next few quarters. The report does not say how much money is shifting or which stocks to buy.
What the reporting says
Waterfield Advisors MD Riddhiman Jain said developed markets now offer stronger growth and higher ROE, according to a Mint Markets summary. The report says he thinks foreign investment is moving away from India, while oil's inflation impact may become clearer in the coming quarters. He also expects volatile, uneven markets and prefers nimble stock-picking, but no market levels or allocations were stated.
Why it matters
Riddhiman Jain of Waterfield Advisors said developed markets currently offer stronger growth and returns than India in a Mint Markets summary. The piece says he believes foreign investment is being pulled away from India and that oil’s inflation effect may become clearer over the next few quarters. He expects choppy markets and favours stock-picking, but the reporting does not provide flows, targets or timing.