Foreign money is chasing the reform story: Cameron Brandt

Interview with director of research, EPFR Global

The recent liquidity-driven rally in the Indian markets has mostly been driven by domestic flows even as the foreign institutional investors have been recalibrating their strategy. CAMERON BRANDT, director of research, EPFR Global tells Puneet Wadhwa that lack of earnings growth and flat private investment are key concerns that FIIs have as regards the Indian markets. Edited excerpts:

What is your assessment of the fund flows this far in calendar year 2017 (CY17) across developed and emerging markets? Which regions have seen a pull out and in which regions has this money been deployed in?

Of the themes that were expected to