India is less affected in global turmoil: Fidelity's Bolton
India’s economy is largely domestic consumption-led and accordingly it has been less affected by the deceleration in global growth.
By ET Bureau |
MUMBAI: India���s economy is largely domestic consumption-led and accordingly it has been less affected by the deceleration in global growth. As an economy that has continued to grow in spite of the unprecedented turmoil in the global economy, "I think India is well placed to benefit from an improving global environment," according to Anthony Bolton, President, Investments at Fidelity International, who was speaking in a press conference here on Thursday.
Commenting on next market bull run, Bolton said, ���the market is bottoming out. It is underlined by attractive valuations, market sentiment and by looking at current market conditions in relation to the historical bear and bull market cycles. I would be overweight consumer cyclicals, technology, financials and value stocks.���
He further added, valuations of shares are particularly attractive and investor sentiment is so poor at the moment that I believe the long bear market is over.
Anthony Bolton managed the Fidelity Special Situations Fund, the best-performing UK retail investment fund for 28 years since 1979.
Commenting on next market bull run, Bolton said, ���the market is bottoming out. It is underlined by attractive valuations, market sentiment and by looking at current market conditions in relation to the historical bear and bull market cycles. I would be overweight consumer cyclicals, technology, financials and value stocks.���
He further added, valuations of shares are particularly attractive and investor sentiment is so poor at the moment that I believe the long bear market is over.
Anthony Bolton managed the Fidelity Special Situations Fund, the best-performing UK retail investment fund for 28 years since 1979.
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