All easy returns are gone. From here, replicate the economy: Anurag Singh
Anurag Singh, Managing Partner, Ansid Capital, “we are very cautious on emerging markets. India is an exception, we will talk about it but outside India, for the rest of the emerging markets, look at the MSCI 10 year returns. They have been sub 3%. China, Brazil, Argentina, South Korea have produced some phenomenal companies, but market wise they have not produced great returns.”
Singh also says: “China in a big way benefited out of an export-led economy. Now exports and trade as a percentage of global GDP is dropping. It peaked out about 8 to 10 years back and now it is the time where India empowers the domestic economy and looks at the domestic facing sectors.”
Friday's rally is triggered by what is happening in the world. Are you comfortable with yields coming down all of that or are you still cautious?
It is good to be back in India right now. I will continue to be cautious right now. We will discuss those four or five macro trends that I am going to pull out. We would observe that there is going to be a constant pressure on the 10-year yield of the US.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitEven though it might have eased off, we understand that it is really touching that 5% mark more or less and we have to be very vigilant on that. It is a new development and once the market continues to demand that kind of yield from US 10-year bonds, it has a very long term implication both for the equity market and the market.
You are making a case that there is some amount of easing which is happening as far as
