This is a wake-up call for investors to exit developed markets: Jan Dehn

Jan Dehn tells Puneet Wadhwa that he remains bullish on India and suggests investors buy equities on any correction

Global equity markets had a rollercoaster ride last week. Jan Dehn, head of research at the London–based Ashmore Investment Management, tells Puneet Wadhwa that he remains bullish on India and suggests investors buy equities on any correction. Edited excerpts:
 
What is your interpretation of how the global markets have reacted to the spike in bond yields?
 
The extreme sensitivity of the US equity markets to even a sniff of inflation is indicative that developed markets’ assets have not priced in any of the risks associated with higher inflation or the associated monetary tightening.
 
Emerging market (EM) assets