Standard Chartered turns overweight on India; Neutral on global equities and fixed income
The bank has a neutral weight on equities overall, although it has recently turned overweight on India as it sees scope for a re-rating
Standard Chartered has turned overweight on India, while maintaining a neutral stance on global equities and fixed income as the bank anticipates moderate equity returns and elevated market volatility. The bank's Global Head of Advisory and Managed Investments, Sumeet Bhambri, stated that the current market cycle is in the mid-phase, with lower returns and higher volatility compared to the early phase.
Bhambri advised clients to maintain a diversified core allocation and not to overweight equities, but instead take advantage of the growing interest in hedge funds for uncorrelated returns and lower volatility. Standard Chartered is seeing a significant increase in demand for hedge fund investments, with a focus on private markets and alternative assets for sophisticated investors.
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