Business Standard

Wealth managers advise clients to invest in US-oriented offshore products

International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds

tax, cash, fund, returns, savings, investment, investors, rupee,
Premium

Experts say the large stimulus package in the US will help in reviving its economy.

Jash Kriplani Mumbai
Wealth managers are advising clients to make allocations to US-oriented offshore investment products for exposure to the global technology and health-care businesses that are likely to benefit from the disruptions and challenges posed by the Covid-19 pandemic.

“Following the outbreak of Covid-19, the rate of digital transition has increased significantly in the last two months. Investors are also now more receptive to international products, as weak returns have reduced the home bias,” said Ankur Maheshwari, chief executive officer of Equirus Wealth Management.    

Experts say the large stimulus package in the US will help in reviving its economy. In the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 25 2020 | 10:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com