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Demonetisation did not shake our confidence in India story which we remain overweight on for the last 20 years, Hugh Young, MD, Aberdeen Asset Management said in an interview with CNBC-TV18.
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Speaking to CNBC-TV18, Hugh Young, Managing Director of Aberdeen Asset Management-Asia, said the glory days of healthy IT returns were over.
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Speaking to CNBC-TV18 Adrian Lim, Senior Investment Manager, Aberdeen Asset Management, said the US Fed won‘t go in for a rate hike in this round, but there will be a guidance coming forth on what to expect from it in the next round.
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The Federal Open Market Committee (FOMC) was set for a two-day policy meeting on Tuesday and Wednesday. But while the Fed has indicated the meeting was "live," or that action was on the table, markets haven't been pricing in much chance of a hike.
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Speaking on the sidelines of the Fund Forum conference in Berlin, Gilbert said much of the rally was instead down to investors ditching "short" bets that the market would fall further and buying to cover their positions.
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India's Sensex, which fell as the Shanghai Composite index climbed between January and China's stock market rout in June, has reversed course and moved in the opposite direction to the Chinese benchmark since.
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In the financials space, Adrian Lim of Aberdeen Asset Management likes private sector banks. He says a bank like ICICI Bank has been troubled because of the asset quality that it has been delivering.
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Since regulators first started supporting the market on June 27—in the form of a surprise interest rate cute by the People's Bank of China—Shenzhen and Shanghai shares have tumbled 18 and 15 percent respectively.
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The world is merely postponing the reality of economic slowdown and it is going to take sometime before clarity is achieved on many issues, Hugh Young, MD and Global Head-Equities, Aberdeen Asset Management told CNBC-TV18.
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The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.
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Uncertainty around the so-called minimum alternative tax on foreign asset managers' past income has unsettled investors, contributing to sharp falls in India's stock market.
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Speaking to CNBC-TV18, Adrian Lim said he was not expecting one or two announcements from Finance Minister Arun Jaitley this Budget, rather a basket of reforms, starting from steps taken to lift infrastructure and quality expenditure in capital competitiveness.
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Investor sentiment towards emerging market currencies has improved and from equities, he prefers India over China, Peter Elston of Aberdeen Asset Management said.
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Peter Elston, head- Asia Pacific Strategy and Asset Allocation, Aberdeen Asset Management says the EMs will enter a bear market only if inflation edges higher.
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Infy has been lagging in earnings and growth assumptions for sales over the last two-three years, but there are some fundamental shifts within that stock. Adrian Lim, Aberdeen Asset Management would like to see some stability and consistency in decision making going forward, on the back of reshuffling of leaders within the senior management.
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A lower-risk investment approach by Aberdeen has trumped Duggal's riskier strategy, which had paid off handsomely for years, in a dramatic change of fortunes for the two largest India funds geared to foreign investors.
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Notwithstanding the performance in global markets, Peter Elston, Head of Asia Pacific Strategy & Asset Allocation, Aberdeen Asset Management believes a substantial correction is in the offing.
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In an interview to CNBC-TV18, Peter Elston, head of Asia Pacific strategy & asset allocation, Aberdeen Asset Management Asia Ltd says that while there remain good reasons to remain bullish on India, in the short-term, the economy will struggle until its issues are urgently addressed.
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In an interview to CNBC-TV18, Adrian Lim, investment manager - Asian Equities, Aberdeen Asset Management says that while the fourth quarter earnings numbers were disappointing they are still positive on the stock.
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It is a not a market for the chicken-hearts. Though Indian market is directionless and almost on a losing spree, some feel that this is the best time to invest.
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Asian stocks could fall further as sentiment remains fragile, but the region's equity markets should make a relatively quick recovery as valuations are attractive, Aberdeen Asset Management's Asia head Hugh Young said on Friday.
