(Nov 18): The Tantallon India Fund closed up 1.96% in October on the back of resurgent global equity risk appetite and expectations of a nascent growth revival, further central bank easing and growing optimism over a trade deal between the US and China.
It is certainly worth pausing to reflect on the Indian market’s seeming “lack of conviction” — as reflected in recent data on foreign fund (in)flows and the current (defensive) portfolio positioning in the major domestic mutual funds — a recipe perhaps for the markets’ grinding higher into 2020 as benchmark-sensitive investors are forced to aggressively “add” risk.
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