A large part of the slowdown in China has been caused because yuan has appreciated steadily at a CAGR of 3.5 percent since 2005 and that has now begun to dent Chinese exports.
Indian rupee is likely to perform better than other fragile economies, Richard Titherington, CIO & Hd-EM Equity, JPMorgan AMC said.
Richard Titherington, MD & Head - Global Emerging Markets, JPMorgan Asset Management says earlier when the tapering talks had just started, EM currencies reacted rather violently. But now, with them being forewarned, EM currencies will still be under pressure but the reaction won‘t be as dramatic.
JPMorgan AMC expects the rally in the market to continue till the year-end. It feels that on pricing in the currency depreciation, the Indian market still looks attractive.
Richard Titherington of JPMorgan believes the issue around when and how much the Fed decides to taper is very important as markets have been nervous before. He expects a market correction as and when tapering finally occurs.
"We have avoided the US Fiscal Cliff and the outlook for eurozone is better", says Richard Titherington, JP Morgan Asset Management in an interview to CNBC-TV18. He is optimistic for the outlook for 2013 and believes that now investors are in a mood to take more risk in India than last year.
In an interview to CNBC-TV18, Richard Titherington, CIO & Head-EM Equity at JP Morgan AMC spoke about the in line results of the US elections and how the focus has now shifted entirely to the Fiscal issues.
As India is showing signs of recovery, foreign investors seem to be interested in the Indian market once again. Richard Titherington of JP Morgan Asset Management feels that foreign institutional investors (FIIs) are positive on India as government is moving in the right direction.
CNBC-TV18's managing editor Udayan Mukherjee spoke to JPMorgan Asset Management’s Richard Titherington about the changing global landscape in these troubled times.