Jefferies Chris Wood increases exposure to Indian equities, cuts stake in China and Pakistan
The marquee investor increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio and reduced stake in Chinese and Pakistani equity markets. January 06, 2021 / 12:10 PM IST
Christopher Wood, Global Head of Equity Strategy at Jefferies, has further increased exposure to Indian equities in his ‘GREED and Fear’ portfolio.
The marquee investor increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio and reduced stake in Chinese and Pakistani equity markets.
The move comes on the back of the recent upsurge in Nifty coupled with a consistent decline in COVID-19 cases in the country. In 2020, Nifty logged 15 percent return despite the over 40 percent crash in March. So far in 2021, it has had a perfect start, ending in green in each of the t
planning. nobody s done it. you ve got the bank of england that s got to do it, the ecb pouring more money into the economy. this quantitative easing, this unwinding of stimulus is virgin territory for the global economy. right now stock markets, as we know, they re driven by greed and fear, and at the moment, it s definitely fear. the vix index, the fear index is as high as it was in 2011. is it justified right now? in the united states, no. no. there s absolutely no reason. the check fundamentals in the united states are robust and strong. i m not making a political statement. this has nothing to do with 2016 and the election. the growth, the inflation, if anything, the inflation is the worry because the rising dollar and the way things, and the falling oil price could lead to more deflationary causes in the
economy will pick itself up it faulters again. that s what we re seeing this week. we ve seen a 500 point decline in the market. the reason that happened because of lousy earnings reports from every company to three come to companies like xerox. that is because people aren t spending. they re not just going out spending and showing. jenna: what are the reasons companies are giving from the results that are just not hitting expectations? what are they saying? american companies have done an incredibly great job of reducing the fat, sucking in their guts, getting rid of inefficiencies. they re just incredibly efficient right now. the problem is american consumers are not going to the stores and shopping. we re still in this cloud of fear about what the future holds. i think part of this might be released when the election is over. right now, there is old saying in the stock market. driven by two emotion, greed and fear, right? fear is the one that is overriding factor right now. jenna:
far. if we stay true to form, that means we will see a huge rally today. cross your fingers and hold on, folks. also this morning, five nato troops killed in a bomb attack in southern afghanistan. coalition troops have killed nearly 200 militants in recent weeks. keeping an eye on afghanistan, of course. keeping an eye on great britain. britain s prime minister says london police waited too long to arrest rioters this past weekend. he said that when he was speaking to parliament in a special session on the rioting. we will have more on this in a moment. all right, folks, it s just like that ride. you are are having seconds thoughts getting on the roller coaster but you can t get off. we are still on this ride on wall street and in 30 minutes, we will have that opening bell. yesterday, the dow dropped some 500 plus points after the week we have seen, it has been literally down, then up, then down and today would be the up day but we shall see in a few minutes. we hav
trust your inner circle trying to get him to stand down. how will the conflict in libya affect what you pay for in gas. that s what cnn s carla zoosk is talking about today. people are watching to see if it s going to go up, it s going to go down? we know that crude oil prices hit $106 per barrel and that s really, really climbing. and what we re looking at today is how libya impacts that. we have been told libya is a major producer, it s the number three producer in africa. but libya only produces 2% of what the world uses per day. so why does that have such an influence on crude? well it said two things, drive the market, greed and fear, and in this case, we are looking at the fear of traitors that the fear might spread throughout that region to nations that are