Jefferies remains overweight on EMs, mildly bullish on India

Sean Darby of Jefferies says the drop in US treasury rates to record lows last week alongside the growing likelihood of further unconventional policies in Japan has created an insatiable appetite for yield.

With real sovereign yields high in Asia and emerging markets (EM), there is room for equity outperformance, he feels.

Darby remains overweight on EMs and is mildly bullish on India.