Big money managers name top investment ideas for Asia in 2024
Buy the yen, sell Japanese bonds, snap up Indian and Indonesian stocks: those are some of the top trades recommended by Asian fund managers for 2024.
Stay updated with breaking news from Jonathan Garner. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Buy the yen, sell Japanese bonds, snap up Indian and Indonesian stocks: those are some of the top trades recommended by Asian fund managers for 2024.
These seven stocks have given more than 15% returns during each of the 10000-point rally Sensex saw from 40000 levels, and they are Titan Company, Sun Pharmaceutical Industries, ICICI Bank, Bharti Airtel, UltraTech Cement, JSW Steel, and Nestle India.
“Corporate return on equity in China has been falling relative to India and other emerging markets for some time. We would not recommend a contrarian shift back towards China; we would stay overweight India and we think India will outperform China for a fourth straight year next year which is unprecedented.”
China’s stocks will probably notch up mild gains in 2024, as policymakers’ efforts to spur growth will be partially offset by long-term structural challenges, particularly around debt and deflation, according to Morgan Stanley.
October saw 2.09 inches of rain, just barely below the 2.31 30-year average. After sweeping rainfall, California is no longer in a drought, with only most of Siskiyou County considered abnormally dry.