 "Christopher Wood, global head of equity strategy at Jefferies")
India remains Asia's best long-term structural story in terms of equities and investors should buy their favourite stocks on a decline, suggested Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear.
However, given the macro headwinds – the need to tighten monetary policy combined with the continuing risk, if not probability, of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position he has in Indian equities in his Asia ex-Japan portfolio.
"GREED & fear had been expecting India to
