Cutting India exposure due to poll-related noise: Ashmore Group's Jan Dehn

The markets are waking up to the fact that some of the big trades, which made a lot of money during the period with hyper-easy monetary policies, may be over, he adds

The Interim Budget and the outcome of the general election are the two big events that the markets will keep a tab on over the next six months. London–based JAN DEHN, global head of research, Ashmore Group, tells Puneet Wadhwa that the small- and mid-caps should be a good place to invest over the next few years, but only if the government does not mess up on the macro. Edited excerpts:

How do you see global equity markets playing out in 2019?

I strongly expect emerging market (EM) equities to outperform developed economies. For the past decade, developed market earnings