Large-caps will continue to lead rally: Avendus Capital's Andrew Holland

Valuations appear high in some sectors as a small number of stocks dominated the index last year, said CEO Holland

Asia, led by India and China, could be the growth engines of the world in the next four-five years, says Andrew Holland, chief executive officer, Avendus Capital Public Markets Alternate Strategies. In an interview with Ashley Coutinho, he says the biggest risk facing the global economy right now is the uncertainty surrounding the efficacy of vaccines and the time it will take to distribute and inoculate everyone globally. Edited excerpts:

Indian equities are at all-time highs. Is the rally divorced from ground reality?

Valuations appear high in some sectors as a small number of stocks dominated the index last year. Stocks in