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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (177811)	9/6/2021 7:06:17 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217843

Re <<and we did it to ourselves>> ... perhaps too harsh. Whether USA returns with boots on the ground anywhere else would shed much light on whether truly too harsh or just right. In the meantime, by the looks of uncommon-prosperity encouraged in India, let's see if 'they' also do it to themselves, ala encourage folks to make money in India and buy stocks elsewhere, arguably by <<ruse>> of universal suffrage / individual gorge-fest If I were an Indian pleb, I would see red. bloomberg.com Top Banker Tells Rich Indians to Load Up on Foreign Stocks Suvashree Ghosh 6 September 2021, 16:54 GMT+8 The top private banker to India’s wealthiest is advising its clients to load up on overseas equities as a softening of rules makes it easier to access higher returns available in other parts of the world. “The returns offered by some overseas markets are higher than what investors can get from Indian equities,” said Srikanth Subramanian, chief executive officer for private wealth at Kotak Investment Advisors Ltd. “This is not a short-term call, but a deeper, structural call, and as our conviction has increased, our model portfolio has seen a four-fold jump in allocation to overseas equities over the last 15-18 months.” Wealth for You Enjoying Bloomberg Wealth? To read more articles based on your personal financial goals, answer these 3 questions that will tailor your reading experience. While the wealth adviser has increased its allocation to overseas equities, it’s been neutral on Indian shares since March 2020. “We had gone back to neutral from bullish on Indian equities in March 2020 to take away any direction bias while the pandemic plays out and have stuck to that call,” Subramanian said. Record-low interest rates and stimulus packages around the world have pushed global equities to all-time highs during the pandemic. A local rule change by India’s market regulator earlier this year increased the amount each mutual-fund firm is able to buy in overseas equity to $1 billion, from $600 million, boosting appetite among Indians, Subramanian said. Feeder FundsThe total amount invested in foreign shares surged more than 10-fold in the last 17 months to about 250 billion rupees ($3.4 billion) as Indians took to feeder funds to access the asset class, Subramanian said, citing industry data. That could increase further, according to Kotak Mahindra Bank Ltd.’s wealth unit, the biggest in India with more than 4 trillion rupees under management. Some have also been using the so-called liberalized remittance scheme that allows an individual to send as much as $250,000 overseas, every year. The growing appetite for overseas stocks has also attracted some of India’s biggest financial firms to offer international equity trading. Here’s a look at Kotak’s model portfolio for an aggressive investor: - About 80% to equities, of which 20% is allocated to international equities and 15% to passive funds or smart beta ETFs - 10% of the portfolio is for fixed income and another 10% to alternate investments — With assistance by Nupur Acharya (Updates with comments in third and fourth paragraphs.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE