Psigma's Tom Becket believes this year's Indian elections could be a new dawn for the troubled country, saying its current situation "cannot get any worse".
The emerging market has been out of favour among investors following volatile performance and allegations of corruption. National elections are due to take place on 31 May, with the National Democratic Alliance and the United Progressive Alliance the two frontrunners. Becket, CIO at Psigma Investment Management, said cyclical equities and mid-cap companies will be sectors that particularly benefit once the political uncertainty is removed. Becket said: "The good thing for investors is that it surely cannot get any worse. We expect resounding change after the election and this shoul...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
