CLSA maintains triple overweight on India in APAC ex-Japan

Christopher Wood, CLSA says Greed & Fear maintains a triple overweight on India in the Asia Pacific ex-Japan relative-return portfolio and 46 percent of the Asia ex-Japan long-only portfolio is invested in India.

He believes it is still the case for now that India remains a better relative-return story in the Asia and emerging market context than an absolute-return story given the continuing lack of any evidence of a renewed private-sector capex cycle.

This is why the Indian stock selection in the long-only portfolio remains relatively low beta, Wood says.