India, other emerging markets to remain in favour: Geoff Lewis

The retreat in the US dollar and 10-year treasury yields from the peaks has helped emerging markets (EMs), according to Geoff Lewis of Manulife Asset Management. He said that emerging markets also drew strengths from better corporate earnings.

Going ahead, EM rally will depend on factors such as US dollar and short- and longer-term interest rates, Lewis said. He, however, asserted that EMs, including India will continue to remain in favour at the moment.

Lewis said that valuation on Indian markets scare him but he shrugged them off saying that valuations don’t determine short-term market performance.

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