Investor sentiment towards emerging market currencies has improved and from equities, he prefers India over China, Peter Elston of Aberdeen Asset Management said.
In the short to medium term there could be challenges on the growth front for but in the longer term growth in India will recover said Peter Elston, Aberdeen AMC Asia, Singapore in an interview to CNBC-TV18.
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.
Peter Elston, Head of Asia Pacific Strategy and Asset Allocation, Aberdeen Asset Management Asia fails to see any meaningful recovery in private sector demand in the US.
Be ready for a fall in markets and act on that by increasing risk within your portfolio to take advantage of what presumably will be subsequently a big bounce back in markets, says Peter Elston, Aberdeen Asset Management Asia.
"We do feel that there are companies in emerging markets, not just India, but all around the world that should be avoided and can be avoided with some simple research," Peter Elston says.
Peter Elston, Head of Asia Pacific Strategy & Asset Allocation, Aberdeen Asset Management Asia Limited told CNBC-TV18 that he will stick to his investment in Indian banks and is not taking any notice of what the RBI has been saying.
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.
Peter Elston of Aberdeen Asset Management Asia believes a deal will be struck with regards to the fiscal cliff. However, the scale of fiscal contraction post the deal might worry the US private sector and the consumers, he opined.
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.
In an interview with CNBC-TV18, Peter Elston, Strategist at Aberdeen Asset Management Asia speaks about the European weakness affecting global stock markets. While he urges investors to prepare for some more correction, he suggests the weakness in the Asian space is a great buy call.
In an interview with CNBC-TV18's Mitali Mukherjee, Aberdeen Asset Management Asia's strategist, Peter Elston pointed out the main reason that is keeping the global sentiments subdued.
Economies are going to be weaker than most people expect, is Peter Elston, Strategist, Aberdeen Asset Management Asia's call. In an interview on CNBC-TV18, he says the outlook is anything but rosy for most developed economies, namely, US and Europe.
In an interview with CNBC-TV18, Peter Elston, strategist at Aberdeen Asset Management Asia, spoke about his expectations from the upcoming Fed meet and his outlook for the economy.