The insurer is working with a financial adviser on a review of Eastspring, the people said, asking not to be identified. A potential stake sale could value Singapore-based Eastspring at about $3 billion.
CNBC-TV18's Udayan Mukherjee caught up with Krishna Kumar, investment director of Eastspring Investments and began by asking him what he thinks of the year gone by.
Speaking to CNBC-TV18, Krishna Kumar, Investment Director at Eastspring Investments, said that industrials and materials can make the entire industry look good. "Our economy is a large one, it is not a switch-on, switch-off economy."
A cloud of uncertainty is hanging over the Federal Open Market Committee's (FOMC) outlook after data last week showed the country added 38,000 jobs in May, significantly missing the 162,000 expected.
Jonathan Barratt, Barrattsbulletin.Com, is not surprised at the Fed‘s decision. He cautions of higher commodity prices and pressure on USD.
Nicholas Ferres, investment director, Eastspring Investments expects the Indian equity market to see a relief rally in the short-term as the market is not cheap in the global context.
Nicholas Ferres of Eastspring Investments says, in an interview to CNBC-TV18, that the fears regarding the taper in the QE programme have already been priced in by emerging markets. Ferres adds that despite slightly higher valuations, he finds the Indian market lucrative enough to attract investment.
Nicholas Ferres of Eastspring Investments says the way the currencies has responded to Fed‘s talk of tapering suggest that people still want to own dollars in preference to their local currency and that is quite bearish.
EMs, which have been highly expensive, may see more pain on the back of rising US bond yields, says Nicholas Ferres of Eastspring Investments.
The trend in the US Labour market suggests the Fed is probably on track for a September tapering of its quantitative easing programme, says Nicholas Ferres of Eastspring.
Nicholas Ferres, investment director, Eastspring Investments, says that valuation difference between the US markets and the emerging markets now looks attractive.
Krishna Kumar of Eastspring Investments says, on CNBC-TV18, that the market has already started to price-in FM‘s baby reform steps.
Nicholas Ferres of Eastspring Investments expects Italy to go back for another election and also sees further fiscal tightening in US.
Nicholas Ferres of Eastspring Investments said they are cautiously positioned at the moment. Going into the year end, Ferres is modest underweight on equity and underweight on US equities.
Nicholas Ferres of Eastspring Investments says he is watching 1,420 level on the S&P 500 closely. "As a key support level, that was the high in early April which was a previous resistance," he told CNBC-TV18 adding, a break of that to the downside could precipitate a more meaningful correction.
In an interview to CNBC-TV18, Nicholas Ferres of Eastspring Investments finds it difficult to predict how global markets will react to the Spanish aid agreed to over the weekend.
Asia's consumer growth story looks promising in the long run, but India has turned riskier for investments in recent months, said a senior executive at Prudential PLC's Asian asset management arm.