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.
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.