Zurich-based Vontobel Asset Management is cautious on Indian equities but is bullish on the country's sovereign bonds and finds the rupee to be an appealing carry trade currency.
The MSCI India index, which covers approximately 85 per cent of India's equity assets, trades at an average 12-month forward price-to-earnings (PE) ratio of 22.8, well above the PE ratio of 12.08 for MSCI's emerging market stocks.
Indian government bonds represent an attractive diversification while the central bank's FX policy of stabilisation makes the rupee one of the best risk adjusted carry trades, Carl Vermassen, a fixed income portfolio manager at Vontobel, said.
The story "India emerges as safe place for investors amid Trump-induced volatility" has 671 words across 23 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "India emerges as safe place for investors amid Trump-induced volatility" was covered 1 weeks ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 258 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
