Waiting for correction not right approach for India: Amundi group CIO

The US market is pricing in a perfect environment - anticipating inflation to recede to 2 per cent and the Federal Reserve to substantially cut interest rates, Mortier said

Emerging markets (EMs), especially India and China, are poised to attract higher inflows from global investors, even as the US economy is expected to witness challenges, even in the event of a soft landing, according to VINCENT MORTIER, group chief investment officer of Amundi, which owns 37 per cent of India’s largest fund house, SBI Mutual Fund. Mortier, overseeing over $2 trillion worth of investments, tells Abhishek Kumar that due to high domestic flows, valuations in smallcaps and midcaps have become excessive. Edited excerpts:

Amundi expects some pain for the US markets even if it manages to make a soft