Goldman and Morgan Stanley switched their focus from China to India stocks.
business-standard.com
India
07-02-2024
Share
.jpg)
With Wall Street heavyweights like Goldman Sachs Group Inc. and Morgan Stanley promoting the South Asian country as the top investment destination, a large portion of that money is currently destined for India.
A gold rush is being set off by that impetus. India is now the largest net long bet in Marshall Wace's flagship hedge fund, which is worth $62 billion, after the United States. The nation is now the top emerging-market holding for a division of Zurich-based Vontobel Holding AG, and fund-house acquisitions are being investigated by Janus Henderson Group Plc. Even retail investors in Japan, who have historically been conservative, are turning to India and reducing their exposure to China.