InvestorQ : Can you tell me about the recent all-India portfolio that Chris Wood of Jefferies has created and what are the stocks included in that portfolio?
Aashna Tripathi made post

Can you tell me about the recent all-India portfolio that Chris Wood of Jefferies has created and what are the stocks included in that portfolio?

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Aditi Sharma answered.
4 months ago
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Chris Wood, formerly of CLSA, has been an India expert for more than 2 decades now. At Jefferies, Chris Wood has just launched an India only portfolio with 16 stocks. The portfolio includes some very top-quality blue chips like ICICI Bank, HDFC, Bajaj Finance, Reliance Industries, ONGC, Maruti, Tata Steel and Jubilant Foods. That almost reads like a who’s who of the Indian capital markets, but these are the stocks that Chris Wood is betting on.

This move comes despite Indian equities scaling all-time highs. While there is nothing surprising about a 40% exposure to financials, what is surprising is the 17% exposure to real estate. Wood expects a new housing cycle to start in India after a 7-year downturn. In terms of thematic representation, the portfolio is domestic demand focused despite having a fairly large exposure to energy stocks. That is to hedge higher oil prices.

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