The CFA Society India is hosting its 8th India Investment Conference in Mumbai today. In an interview with CNBC-TV18, Rupal Bhansali, Chief Investment Officer, International & Global Equities Portfolio Manager at Ariel Investments shared her reading and outlook on the market from the sidelines of the conference.
The CFA Society India is hosting its 8th India Investment Conference in Mumbai today. In an interview with CNBC-TV18, Rupal Bhansali, Chief Investment Officer, International & Global Equities Portfolio Manager at Ariel Investments shared her reading and outlook on the market from the sidelines of the conference.
Focussing on the power of non-consensus investing, she said.
Markets have done very well globally not just in India and looking forward, it is going to be a stock picker’s market, which means that active managers who had a very tough time in the last couple of years, it is time for them to shine, she added.
Healthcare is a big overweight in my international and global equity strategies. I own companies that make complex molecules, said Bhansali.
Speaking about oil sector, she said that the demand/supply has become balanced enough – thanks to the Organization of the Petroleum Exporting Countries (OPEC) production cuts, thanks to certain cuts made in the US market -- that you are seeing a restoration of balance and USD 70 per barrel price is good enough for the industry to do very well. We are already there, you don’t need a higher price to make more money in oil stocks, she further mentioned.
For the full interview, watch accompanying video...