Fed, BoJ meetings eyed; bullish on emerging markets: Experts

Adrian Mowat of JP Morgan says he is bullish on emerging markets (EMs) with an 2016-end MSCI EM target of 1050.

He is neutral on India within EM and Asia Pacific ex-Japan portfolios. Assuming India performs in-line with EMs, the Nifty target is 10,000, he says.

"On balance, the India summit made us more confident in bullish EM view," he says.

Meanwhile, Mixo Das of Nomura says all eyes are on the September 21 Federal Reserve/Bank of Japan meetings.

He thinks chances of a 2016 Fed rate hike have fallen below 50 percent. With many risk events ahead and market valuations still close to 5-year highs, he says he is not keen to be dip buyers here.

Das maintains a neutral stance on Asian equities. Within that, he switched China position to overweight and Malaysia to neutral.