 "Chris Wood")
Christopher Wood, global head of equity strategy at Jefferies has trimmed his ‘overweight’ exposure to India in his Asia Pacific ex-Japan relative-return portfolio by 2 percentage points (ppt). Weight in Singapore and Taiwan in the above-mentioned portfolio has been increased by 1 ppt each.
Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement.
The latest move comes on the back of rising COVID cases across the country, which Wood feels, could dent the economic recovery. The markets, he says, are not yet factoring in
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