India among strong emerging markets in Q2; investor sentiments positive: Mark Mobius

Mark Mobius’ Templeton Emerging Markets Group on Monday placed India among ‘strong emerging markets’ in the quarter gone by as the Asian region continued to gain.
The outlook of the investment trust was that sentiments toward these emerging markets will become more positive as they look for higher returns and risk appetite improves.
“Markets in Asia continued to gain, making it the strongest-performing emerging-market region for the quarter.
The Chinese, Taiwanese, Hong Kong and South Korean markets all produced double-digit returns, while Indonesia, Thailand and India also recorded gains.
…Sentiment toward emerging markets continues to become more positive as many investors look for higher yields and the risk perception toward the asset class improves,” the report said.
However in the Asian region, Philippines and Malaysia were the weakest markets, ending the quarter with declines.
The report said that a rebound in emerging-market currencies, easing concerns about a hard landing in China, attractive valuations and robust economic fundamentals in many economies are some of the factors that have continued to support the performance of emerging markets.
Consumer related service industries along with IT companies will become more attractive under current market circumstances as technology becomes more integral and competitive in emerging markets, the report said.
With the GDP growth in many countries slowly improving, India continued to grow at 7.1% y-o-y in the first quarter of FY17, the report added.
Interest rates remained unchanged at 6.5% while CPI eased to 5.1% y-o-y in August.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme
10:17 AM IST