Chris Wood cuts India exposure; DLF replaces Godrej Properties in portfolio

Global investor and global head of equity strategy at Jefferies has cut his weightage on India by 2 percentage points in his Asia Pacific ex-Japan relative-return portfolio. Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points, Wood wrote in his weekly note to investors, GREED & fear.

Among the Indian basket of stocks, Wood has replaced his investment in Godrej Properties with DLF, which