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Chris Wood cuts India exposure; DLF replaces Godrej Properties in portfolio

Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points

Chris Wood
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File photo of Christopher Wood, global head of equity strategy at Jefferies

Puneet Wadhwa New Delhi
Global investor and global head of equity strategy at Jefferies has cut his weightage on India by 2 percentage points in his Asia Pacific ex-Japan relative-return portfolio. Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points, Wood wrote in his weekly note to investors, GREED & fear.

ALSO READ: DLF, Godrej Properties: Realty stocks that have gained in 2019

Among the Indian basket of stocks, Wood has replaced his investment in Godrej Properties with DLF, which

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