India's macro metrics strong despite FII selloff and weak rupee: Swanand Kelkar
«What you say is the consensus view out there. I mean, there are people who are saying that emerging markets is no longer an asset class because of multiple things that you just mentioned. But here are a few things. One, if you look at the valuations overall for emerging markets, if the US is trading at 22, we are at 20,» says Swanand Kelkar, Breakout Capital Advisors.
What is keeping you busy these days?
Swanand Kelkar: So, as you know, the Breakout Capital Fund is an emerging markets long biased fund, which invests across 30-35 best quality stocks across emerging markets, including India. And India, again, no points for guessing, is one of the largest allocations that we have.
So, you invest in all emerging markets?
Swanand Kelkar: That is correct.
And in this kind of environment where everybody is saying that emerging markets are more like a trade which you should avoid because of what is happening in the United States, dollar strength, built America, complete change of narrative after the return of Donald Trump, is it a good idea to perhaps invest in an emerging market fund?
Swanand Kelkar: What you say is the consensus view out there. I mean, there are people who are saying that emerging markets is no longer an asset class because of multiple things that you just mentioned. But here are a few things. One, if you look at the valuations overall for emerging markets, if the US is trading at 22, we are at 20.
Emerging markets as a whole will be at about 10-11 PE. So, the valuation starting point is very
