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Indian Stocks Continue to Thrive After Elections

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Indian stocks stole the show this year as decisive leader Narendra Modi won investors’ confidence, but will the love continue into the New Year?

Global emerging market investors’ exposure to India is well above historical levels, according to a Bank of America Merrill Lynch fund manager survey released this week. Exposure to India is now around three standard deviations above the mean relative to its history. By this measure, it’s currently the most-loved market for both emerging market and Asia-Pacific investors.

Fervent buying by overseas investors helped drive a breathtaking 32 percent year-to-date surge in India equities, leaving emerging market peers in the dust. China stocks, by comparison, have risen 15 percent, while Brazil equities gained just 3.7 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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