India, Indonesia to remain best long term story: CLSA

"The current investment theme remains "out of emerging and into developed markets". If this theme continues to run, the end game will be a growth scare in US markets. The best long-term equity stories in Asia remain the likes of India and Indonesia, says Chris Wood, CLSA.

February 21, 2011 / 09:11 IST

Chris Wood, CLSA said that, "The current investment theme remains "out of emerging and into developed markets". If this theme continues to run, the end game will be a growth scare in US markets. The best long-term equity stories in Asia remain the likes of India and Indonesia. However, the risk remains that they will continue to underperform so long as markets are worrying about rising inflation. Yet these are precisely the markets that investors want to own for the long term."

first published: Feb 21, 2011 08:05 am

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