Brace for some short-term market consolidation: UBS execs

In an exclusive chat with Hamsini Karthik and Vishal Chhabria, KATHRYN SHIH, president, Asia Pacific, UBS, and AASHISH KAMAT, MD & country head, UBS India, say India will remain an attractive destination for investors and for UBS itself. However, Shih feels that markets, world over, could consolidate in the short term. Edited excerpts:
 
Indices the world over, including in India, are at a new high. This is without proportionate fundamental support. Does this worry you?
 
Kathryn Shih: We are still overweight on equities, whether in the US, India or China. We like equities over investment-grade bonds. But, we