Wealth managers advise clients to invest in US-oriented offshore products

International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds

Wealth managers are advising clients to make allocations to US-oriented offshore investment products for exposure to the global technology and health-care businesses that are likely to benefit from the disruptions and challenges posed by the Covid-19 pandemic.

“Following the outbreak of Covid-19, the rate of digital transition has increased significantly in the last two months. Investors are also now more receptive to international products, as weak returns have reduced the home bias,” said Ankur Maheshwari, chief executive officer of Equirus Wealth Management.    

Experts say the large stimulus package in the US will help in reviving its economy. In the