Global investors are facing a very different opportunity set today. With US bond yields offering attractive nominal returns again, Indian equities are no longer competing only with other emerging markets for global capital—they are increasingly competing with the relative safety and yield available in US fixed income.
The Federal Reserve’s rate hike may be largely priced in, but according to Nachiketa Sawrikar, Fund Manager at Artha Bharat Global Multiplier Fund, the bigger question for markets is what happens to US bond yields and the dollar from here.
