Anti-asset allocation: Why buying after a surge hurts returns, says S Naren

Buying an asset class after a sharp surge is the most popular investing mistake in the world, says S Naren, ED & CIO, ICICI Prudential AMC, in his keynote at the ET Wealth Expo in Mumbai. Silver, Korea and US tech show the pattern. Real asset allocation means buying what is unpopular and has corrected, like debt, which has quietly beaten the Nifty.