Speaking about the recent correction, Jan Dehn of Ashmore Investments said Indian equities have ran a lot which is why profit booking is keeping market down. In addition bottoming out crude prices and lack of clarity on MAT are chasing out FIIs from India.
Global markets have been volatile over the last few sessions. In an interview to CNBC-TV18, Jerome Booth, Ashmore Investments says emerging markets are still remarkably cheap. "I think there is still a very bullish feeling about emerging markets. There is much more upside," he adds.
Developed countries are risky gambles, says Jerome Booth of Ashmore Investments. In the current situation, he advices institutional and retail investors to stay away from the developed world.