Global fund managers mengalihkan $1,6 miliar masuk ke pasar saham India di bulan Agustus. Pasar saham India terus mendapatkan capital inflow asing selama 6 bulan berturut2.
𝗔𝘀𝗶𝗮𝗻 𝗣𝗼𝘄𝗲𝗿𝗵𝗼𝘂𝘀𝗲: 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗦𝗲𝗲 𝗦𝘁𝗮𝗻𝗱𝗼𝘂𝘁 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗜𝗻𝗳𝗹𝗼𝘄𝘀
In parallel to trimming their exposure elsewhere in emerging Asia, global fund managers rotated $1.6 billion into Indian shares on a net basis last month, with August marking the sixth straight month that Indian stocks have seen foreign inflows.
After last year’s sell off and the overhang of the Adani news flow that broke out in the first half, foreign investors are now just $137 million short of reversing the $17 billion they pulled from the Indian equity market in 2022.
Despite their punchy valuations, the country’s large and mid caps are expected to post earnings growth of 18.9% in 2023, making them the most profitable corporations in Asia.
𝗖𝗵𝗮𝗿𝘁 𝗦𝗼𝘂𝗿𝗰𝗲: Bloomberg