Divergence between market performance, economy disturbing: Julius Baer CEO

Overall, we remain constructive of the Indian equity markets and are recommending investors to gradually build their equity investment portfolio, says Ashish Gumashta

Despite the growth momentum slowing down, ASHISH GUMASHTA, chief executive officer, Julius Baer, tells Puneet Wadhwa that he remains constructive on the Indian equity markets and recommends investors to gradually build their investment portfolio. Edited excerpts:

The markets have risen since September, led by liquidity and without any improvement in fundamentals. How much of a concern is that for you?

The Indian equity markets have been seeing good momentum over the last couple of months, especially since the time the government cut corporation tax rates in mid-September and the continuing commentary of their intent to do whatever it takes to