Within Asia, India is one of the markets we are overweight on: Raychaudhuri

'Indian retail investors for decades have under-invested in equities and we're now seeing a reversal to the trend,' he said

Rising bond yields in the US and the Rs 114-billion fraud unearthed at Punjab National Bank have kept markets choppy over the past few weeks. Hong Kong-based Manishi Raychaudhuri, Asia Pacific Equity Strategist, BNP Paribas, tells Puneet Wadhwa that while the performance of global equity markets will be divergent, emerging markets (EMs) are likely to outperform the developed ones in 2018. Edited excerpts:

How do you see the global equity markets play out over the next 6–12 months?

We believe the performance of global equity markets shall be divergent in 2018. While returns from developed markets (DMs) could be pedestrian, returns from