Equity investors should brace for 40 national elections across the globe: Kedar Kadam
1/5
Pro Take
ETMarkets spoke to Kedar Kadam, Director - Listed Investments, Waterfield Advisors on emerging investing trends, asset allocation in 2024, and market outlook.
2/5
Global volatility due to elections
There will be over 40 national elections across the globe, representing more than 40% of the World’s population and 40% of its gross domestic product (GDP).
3/5
Avoid Risk
CY’24 will not be an ideal year to take risky bets, rather one should stick to a balanced approach and accumulate quality large caps on declines.
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4/5
India Is Relatively Expensive
Given this backdrop and adequate valuations in domestic markets compared to the historic average (India remains a relatively expensive market), I suggest caution and a staggered & selective buying approach from a 3-4-year perspective.
5/5
Book Profits in Small & Midcaps
I would suggest taking some money off the table from the Small & mid caps space. A lot of companies in this space are trading at an exuberant valuation on expectations of super earnings performance, which could be at risk.