@LarissaFernand In general I think it's too easy to draw broad equity market conclusions from general thematic musings like this, as much as everyone finds it fun to try. (2/2)
@LarissaFernand Would have rung truer if posted a few days ago. This bit holds up:
"The money is moving the other way now — into the physical economy: power, grid, commodities, factories."
But is probably even more applicable globally than in India.
(1/2)
Top global fund managers expect India’s moves to scrap bond taxes and widen securities pool with no limitations to help draw in more flows and boost chances of an entry into the Bloomberg Global Aggregate index.
Flows have picked up in the three sessions since the announcement.
Reuters’ Nimesh Vora and Dharamraj Dhutia report: https://t.co/k4vZ47WcoN