India remains high on global market strategists' preference list among emerging markets.

Specific to India, valuations are no longer cheap, though earnings are keeping up a good rate of growth

The June figure was almost 40 per cent lower than the month before.

India is in for a much longer catch-up period provided that policy is adequate and so far it is encouraging.

“Steeper yield curve is good news and we have seen the bond market in the last couple of weeks sell off”

Valuations are not cheap any more, but earnings have continued to come through and we expect 15% growth in earnings, says Mariscal.

Emerging markets including India could return up to 5% in 2016, said Jorge Mariscal, emerging markets chief investment officer at UBS Wealt...

The bank’s asset-management unit folded its money-losing BRIC fund and merged it last month with a broader emerging-market fund.

Russia and Brazil have fallen into recessions. China, long an engine of the world's growth, is poised for its weakest expansion since 1990.

The fact that the Chinese finally acted on monetary policy by cutting interest rates does not seem to have been to appease the markets in t...