Lunate sees India as a standout emerging market, but stresses valuation discipline
Executive Brief • Key Highlights
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- ✓Abu Dhabi-based Lunate views India as a standout emerging market due to strong long-term economic growth.
- ✓Caesar Maasry said, "India offers strong growth tailwinds and a wide range of attractive investment opportunities." While the firm noted that Indian equities look expensive, they still find many good deals for investors.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Summary
While the Abu Dhabi asset manager sees strong long-term macro tailwinds in India, it warns that elevated asset valuations demand a selective and price-conscious approach.
Abu Dhabi-based Lunate, which manages $125 billion in assets, views India as a standout emerging market, driven by a decade of resilient economic growth and deepening capital markets, a top executive at the investment firm told Mint.
"India offers strong growth tailwinds and a wide range of attractive investment opportunities. While global investors often focus on funding costs and interest rates, our higher-(interest rates)-for-longer outlook is primarily driven by strong economic growth," Lunate's head of investment research Caesar Maasry said in an interview.
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