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DAILY VOICE | Mark Matthews of Julius Baer says some pull-back in Indian equity likely, but don't expect 10-15% sell-off

"IT is something we see as a multi-year positive theme, because COVID has moved those companies' clients to an even more digital environment," said Mark Matthews of Bank Julius Baer.

March 26, 2021 / 08:26 AM IST

Mark Matthews, Head of Research Asia Pacific, Bank Julius Baer, feels that Indian market kept rising despite the 10-year US bond yield jumping from 0.5 percent in August to 1.7 percent now. Going ahead, we expect the yield to hit 2 percent by year-end, and that should be something the Indian stock market can take in stride.

As a member of the bank’s investment committee, he gives asset allocation recommendations to clients.

Matthews has been at Julius Baer since 2011. Through his 27-year banking and finance career, he has held senior positions managing the research and equity sales functions at financial institutions, including ING Barings Securities, Standard & Poor’s and Merrill Lynch in Asia.

Currently he is based in Singapore. Prior to this, he has worked in Hong Kong, Thailand and Taiwan.