Period of easy money-making across asset classes is over, says S Naren

The positive amid all these from an India point of view is that the business cycle (in India) has turned favourable, says S Naren

With the major global central banks tweaking their monetary policy stance, S Naren, executive director and chief investment officer at ICICI Prudential AMC, tells Puneet Wadhwa in an interview that given the possibility of a rise in interest rates, the debt segment is likely to be an interesting asset class that could deliver reasonable risk-adjusted returns over the medium term. Edited excerpts:

How do you see global equity markets play out in 2022? Are the investors better prepared for Covid-related uncertainties now?

While equity valuation remains relatively high, two notable developments in the form of Omicron and the US Federal Reserve’s (US