Global Funds Load Up on Indian Stocks as Virus Shelter in Asia
- Eastspring Investments, Northcape Capital cite domestic focus
- Kotak Mahindra AM expects India’s net inflows to continue
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India’s $2.1 trillion stock market is drawing increasing foreign investment as the country remains relatively unscathed from the coronavirus outbreak threatening lives and economies around the world.
Fund management firms including Eastspring Investments and Northcape Capital are flagging the defensive qualities of India’s domestic-focused market amid softening energy prices and signs of an economic recovery.