Jefferies' Greed & Fear has reported adjustments to Asia ex-Japan long-only equity portfolio, reintroducing an investment in HDFC Bank, taking the total exposure to Indian private banks at 12%, a note revealed on December 27.
This increase will offset by reducing investments in Macrotech Developers, Larsen & Toubro, ICICI Bank and Axis Bank being one percentage point each, said the GREED & fear note. The portfolio has initiated an investment in Siemens with a 4% weight.
In the India long-only portfolio, Siemens will be introduced with a 4% weight by removing AU Small Finance Bank, and investment in HDFC Bank will be raised by one percentage point by trimming investment in Axis Bank, said Jefferies' note on the recommendations by Chris Wood.
The Asia ex-Japan long-only equity portfolio has names like Zomato, SBI and SBI Life, Godrej Properties, Macrotech, private banking names like HDFC Bank, Axis Bank and ICICI Bank, and JSW Energy. Infrastructure and industrials have a strong presence in names like GMR Airports, L&T and Siemens.
In the global long-only equity portfolio, names from India include Zomato, Godrej Properties, Axis Bank, ICICI Bank and L&T.
In the India long-only equity portfolio, financials have the largest weight with names like ICICI Bank, HDFC Bank, Axis Bank, SBI, SBI Life, REC and PB Fintech.
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