We are underweight on India in our Asian funds, says Geoff Lewis

There appears to have been less selling pressure from domestic investors in equity mutual funds, he said

Hong Kong-based GEOFF LEWIS, senior strategist for Asia at Manulife Asset Management that has nearly $394 billion worth of assets under management, talks to Puneet Wadhwa on the road ahead for global financial markets and his sector preferences in India. Edited excerpts:

How do you see equities playing out over the next one year? 

What we are seeing is more likely an extended correction and not the start of a bear market. While risks appear to have multiplied lately, global growth continues to draw fundamental support from the US and China. It would seem strange to us if global growth close to