Sam Vecht, head-emerging markets, BlackRock is bullish on India in the emerging markets but believes that there are many who are negative on India too because of political challenges and inflation
Sam Vecht, head-emerging markets, BlackRock hopes that US and Europe continue seeing the recovery they have had and that the Chinese economy does not slow down. He is bullish on India in the emerging markets, but believes that there are many who are negative on India too because of political challenges and inflation.
He finds frontier markets like Bangladesh, Nigeria and Saudi Arabia as more attractive than emerging markets because of better demographics, lower debt, high dividend yield and low valuation.
Below is the edited transcript of the interview. Also watch the accompanying video.
Q: How are you approaching global equities for the next couple of months?
A: The outlook for global equity markets will depend on a variety of factors. We do still need to see further resolution of the challenges in Europe. It is important that we see the recovery in growth that we have seen both in US and to an extent even in Europe continue and hope that the Chinese economy doesn