India has been overlooked in the AI Rush: Vincent Mortier
The €2.6 trillion asset manager is overweight on the country, sees value in emerging markets and commodities, and believes global benchmarks understate India’s true economic importance
Vincent Mortier, Deputy CEO and Global CIO of Amundi, believes India has been overlooked due to investors focusing solely on AI successes in the US and underestimating India's economic significance. The country has been negatively impacted by a lack of interest in its equity market and concerns over energy supply disruptions and geopolitical instability.
Mortier is bullish on India, citing strong macroeconomic fundamentals, reasonable valuations and growth potential. He is overweight on emerging markets, including India, and sees value in dividend-paying assets, basic resources, gold and renewable energy. The underrepresentation of India in global benchmarks is a significant concern, as the asset manager argues that India's weight should be higher.
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