MSCI Financial News

Haines joined the firm from ARK Investments, where she was chief strategy officer, working alongside Cathie Wood since 2021.

HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were at the back of their minds. Such risks are now a top consideration for buyers of Chinese stocks, bonds and stakes in private companies—and are turning many people off investing in China.

By Stella Qiu

Client Associates, which represents family offices and is a wealth manager for HNIs, expects overseas investors would double their allocation to India to generate higher returns from their equity portfolios. «India will outperform all major economies for the next 10 years. Given this, global investors should double allocation to India,» says Rohit Sareen, co-founder, Client Associates. He believes many global investors allocate based on the MSCI World Index and have an allocation between 0.5% to 3% to India.

investors bought Indian equities worth more than ₹9,000 crore in November, reversing two consecutive exit runs in the previous two months, as a decline in energy prices and stable US yields burnished the allure of risk assets in Emerging Markets. Experts believe the trend will continue as India's economic growth is likely to surprise on the upside while interest rates are expected to be stable, with the policy-influencing price gauge now trending close to the central bank's target. In the past ten years, overseas investors have purchased Indian stocks on six occasions in December, and have been net sellers on four occasions.

Is now the time for advisors to get big, or perhaps bigger, in Japan?

MUMBAI : Investors chasing listing-day gains made a killing on Tata Technologies Ltd, which debuted on the Street with the best gains in two years for an offer above ₹500 crore. The stock gained 162.85% from its issue price of ₹500 to close at ₹1,314.25 on Thursday, the highest since digital analytics firm Latent View Analytics Ltd listed at a 169% premium on 23 November 2021.

By Kane Wu

Reliance Industries, ICICI Bank, Infosys, HDFC Bank, and TCS could be the primary beneficiaries of a recent decision by the Federal Retirement Thrift Investment Board, a US Pension Fund, to change its benchmark index for its International Stock Index Investment Fund. The move is estimated to result in flows worth $3.7-$3.8 billion into Indian equities in 2024, according to Nuvama Institutional Equities.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

Investor confidence is finally returning to emerging markets as equities and bonds rally this month, luring fresh capital into exchange-traded funds that revolve around the asset class.

rupee closed slightly higher on Tuesday, supported by foreign banks' dollar sales and softness in the greenback, which is hovering close to 3-month lows. The rupee ended at 83.3325 against the U.S. dollar, compared with its previous close at 83.3675. Asian currencies also rose, led by the Korean won and Indonesian rupiah which were up nearly 0.8% and 0.4%, respectively. While equity-related inflows and a weaker dollar are marginally supportive for the rupee, the currency continues to lack any directional momentum, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. Equity inflows worth $1.5 billion are expected this week following MSCI's decision to increase India's weight in its Emerging Market index effective from Nov.

“Large private sector banks are available at attractive valuation backed by the very healthy and clean balance sheet, witnessing robust credit growth, Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance Company. In an interview with ETMarkets, Banerjee said: “This lower premium combined with stronger earnings growth expectations for the Indian equity markets vs. Emerging markets over the next two years places India in a good position comparatively in terms of valuations and outlook,” Edited excerpts: Samvat 2080 started on a positive note as the market picked up momentum. Where are markets headed? The world economy is undergoing a mix of tailwinds and headwinds. On one side, we are witnessing an easing of inflation in the US and a global decline in commodity prices that have positively impacted the economy which reduced probable global recession fears and potentially influenced the US Federal Reserve's future rate hike trajectory.

By Ankur Banerjee

Oil prices declined for a fourth day on Monday ahead of a meeting of OPEC (Organization of Petroleum Exporting Countries) and its allies, together known as OPEC+, later in the week. The member countries on November 30 will deliberate on supply curbs in 2024. The OPEC+ ministerial meeting was earlier scheduled to be held on Sunday, but was postponed to iron out differences with African nations as they had disagreed on supply cuts.

By Harry Robertson and Wayne Cole

One mover was gold, which climbed to $2,009 an ounce and briefly hit a six-month top of $2,017.82. The approach of month end could also cause some caution given the hefty gains investors are sitting on. Japan's Nikkei (.N225) eased 0.3%, but it still up 8.6% so far in November. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) also dipped 0.3%, giving it a monthly gain of 6.4%. Chinese blue chips (.CSI300) lost another 1.1%, and have missed out on all the global cheer with the market down 2% in November so far. China's central banks announced it would encourage financial institutions to support private companies, but was short on detail. EUROSTOXX 50 futures eased 0.2%, while FTSE futures fell 0.1%. S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%.

By Jamie McGeever

There is a strong possibility that you get a kind of a Santa Claus rally, even in the Indian markets and then it tapers off by Feb-end as the elections are announced, says Ajay Bagga, Market Expert. Edited excerpts. How do you see India placed at this point in time as there are a couple of triggers ahead for us, especially the election? With respect to the global setup, China specifically, given the mysterious pneumonia outbreak, do you believe that it could be a concern for India as well? We are a neighbouring country. What is the growth outlook for China that you are holding at this point? China can slow down further from this year.

European shares struggled for traction after the latest economic data highlighted Germany’s struggle to recover from an energy-induced downturn last winter and the mounting impact of higher borrowing costs.

Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform.