JPM manager believes depressed market is not reflective of macroeconomic positives
Infrastructure and urbanisation remain key areas of growth in India, according to JPMorgan's regional investment trust manager Ted Pulling. In general, he believes current stock market activity in India is not reflective of the investment opportunities in the region. Pulling said the market is down in US dollar terms in recent months partly as a result of investor sentiment and the rupee losing ground. But he stressed the country is currently in an excellent earnings environment and is the second strongest growing economy after China. "GDP growth is currently around 8.8% and, while ...
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