Global Funds View Indian Stocks as a Top Hedge Against AI Risks
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000India is drawing fresh attention from global fund managers looking to diversify equity investments in the coming year as worries over an AI bubble mount.
Aberdeen Group Plc sees Indian stocks staging a rebound next year, while Principal Asset Management Co. and Eastspring Investments view the market’s low correlation with AI trade as a hedge against global equities which have a huge concentration of tech. Strategists at HSBC Holdings Plc and Jefferies Financial Group Inc. expressed similar views.