Matt Orton, chief market strategist at Carillon Tower Advisers, said on Thursday that India was attractive for investment, adding that it was well positioned from a macroeconomic and earnings perspective.
“When the market offers an opportunity when there are moves like we did on September 13; especially in the US, use it opportunistically as a long-term investor to pick your positions,” Orton said. CNBC-TV18.
“Small caps look attractive from an earnings and valuation perspective. Emerging markets, Latin America and India in particular, also look attractive to add to global asset allocation and that view does not change. not,” he said.
He said hedge funds’ position in global equities is at its lowest in several years.
“Hedge fund positioning in global equities is near multi-decade lows. So from a positioning standpoint, the fact that we haven’t broken through key technical levels to come back down to June lows – that’s a bit more constructive,” Orton said.
However, Orton said, emerging markets have seen more than a decade of underperformance.
While talking about the US market, he said a 100 basis point hike in rates by the US Fed can drag many investors down in the market.
For the full interview, watch the attached video