JPMORGAN INFRASTRUCTURE FUND
Modi’s election setback only a blip for some global stock funds
“The first thing I did was message my portfolio managers who invest in India to say if Nifty banks are down because of a lower-than-expected mandate for Modi, it’s a buying opportunity,” Sai said in an interview on Tuesday.
Continuum energy to raise $650 m via bonds
Continuum Green Energy, a renewable energy generator, plans to raise $650 million in bonds to refinance existing debt, with Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers.
What kind of election results would shake up the markets? Seshadri Sen answers
Seshadri Sen discusses the impact of BJP's majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls considerably short of the absolute majority. All other outcomes are largely the same.
As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.
ANZ Bank in talks with Australia Pensions on India investments
ANZ Group Holdings Ltd. is exploring investment opportunities in India's infrastructure assets and debt market with Australian pension funds, aiming to establish a comprehensive business relationship. With India's infrastructure sector requiring substantial funding and Indian government bonds becoming attractive, ANZ aims to facilitate investments, doubling its capital base in India over the past two years.
JPMorgan sees foreign investors flocking to Indian stocks after elections
Rajiv Batra of JPMorgan Chase & Co, says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will use any correction as an opportunity to increase holdings. His views come as overseas flows have become more volatile ahead of the national vote amid concerns over stretched valuations.
- Go To Page 1
Ather picks HSBC, JPMorgan, Nomura, Indian banks for IPO, sources say
Indian electric-scooter maker Ather Energy Pvt has selected banks including HSBC, Nomura, and JPMorgan for its IPO. The company, founded by Tarun Mehta and Swapnil Jain, may raise up to $400 million. The IPO could take place in the second half of the year.
View: What India needs to sustain its infrastructure development momentum
Compared to FY2019, four sectors - roads and highways, power transmission, RE, and ports - have a score of greater than 70% in Crisil's InfraInvex index in FY2023, while RE, railways and power have logged improvement of over 15% (compared to 2019), driven by reforms and improvement in financial metrics. The next phase of infra development will be shaped by growth in the average ticket size of projects and a significant number of mega-scale projects.
ETMarkets Fund Manager Talk: This CIO picks 10 sectors that can attract foreign investors looking to build growth portfolios
"We think DII flows have achieved critical mass, especially when we see the mutual fund systematic investment plans flows now above Rs 17,000 crore per month. We also see that 10% of incremental Employees’ Provident Fund Organisation (EPFO) flows becoming meaningful in Indian equity markets. Overall, we see these flows to be sustainable and have a probability of going up on both retail and institutional flows. "
GMR Airports raises Rs 1,950 cr for three years to refinance debt
GMR Airports, the holding company of the airports in Delhi, Hyderabad and Goa, will use the proceeds to refinance high-cost borrowings and partly to invest in subsidiaries, said the bond documents that did not name the investors. The coupon rate of 13.275% comprised 5% as cash coupon and 8.275% as redemption premium, the documents stated.
Local buying to drive Indian market; it is nice to have FII flows but they are not a necessity: Mark Matthews
The inclusion of Indian onshore sovereign bonds in JPMorgan's global benchmark index is expected to attract billions of dollars of inflows into rupee-denominated assets over the next few years, according to Mark Matthews, MD at Julius Baer. He also predicts that Morgan Stanley will move Korea from emerging to developed in its equity benchmark, which will lead to more capital flowing into emerging equity markets, with India likely to be a top destination. Despite a strong dollar and geopolitical concerns, Matthews believes that fund flows into India will remain positive.
JPMorgan sees India in its top 3 fastest-growing Asia markets in 2024
India is expected to be one of the fastest-growing markets for JPMorgan in the Asia Pacific region next year, according to Filippo Gori, JPMorgan's CEO for Asia Pacific. He believes India could benefit from the "China plus one" strategy as global companies look to diversify their supply chains beyond China. India's ability to absorb part of the supply chain and its efforts to attract global corporations make it an attractive market
US will be India's best natural ally for a 100 years; world needs to prepare for 7% Fed rate: JPM boss Jamie Dimon
JPMorgan chairman and CEO, Jamie Dimon, believes that global financial metrics could worsen before improving. He sees a shift in supply chains from China to India due to resilience reasons, not anger towards China. Dimon highlights the need for fair regulations, transparency, consistency of taxes, and rule of law to attract more businesses to India. He also discusses the potential risks of rising interest rates and said JPM is now ready to face even 7% Fed rate. Dimon expresses his confidence in the enduring India-US partnership and JPMorgan's commitment to India.
JPMorgan M&A head sees up to $150 billion funds focused on India
Investors have around $2 trillion available to invest, with $100 billion to $150 billion focused on India, according to Anu Aiyengar, JPMorgan Chase's global head of mergers and acquisitions. Aiyengar highlighted India's fast-rising GDP and its growth characteristics, stability, and tech, healthcare, and infrastructure solutions as attractive qualities.
$30 billion-boost! Decoding the impact of JPMorgan's inclusion of Indian bonds in global index
India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024. According to market experts, this could prompt around $30 billion of passive inflows.
JPMorgan index may include India bonds in 2024
“According to our meeting with the index provider, India is keen on that inclusion even though it may not appear so to the outside,” Sabrina Jacobs, a senior client portfolio manager for emerging-market fixed income at Pictet Asset Management SA, said in an interview. “We are looking at mid-2024 as a start for the inclusion and then a phase in.”
Funds hunting for hot investments in water have few good options left
The fund industry in overall terms has built up its exposure to water assets by over 170% since the beginning of 2019.
Three roads will be offered through InVIT for fund raising: Nitin Gadkari
“We (NHAI) are going to approach the capital market. I am trying to get the investment from ‘small people’, credit cooperative societies, urban cooperative banks in the country,” Gadkari said. He said that this is the first time that the centre is trying something on these lines.
For salaried, SIPs still the best; HNIs can go for staggered deployment: Sunil Subramaniam
“FII selling is generally across the board. It is not coming and selling a specific sector. They are selling India and to that extent, we believe in good quality financial services banking stocks at reasonable valuations and that is what we are accumulating. Keep faith in equities because when the bounceback comes, it will help you with the gains.”
HSBC launches metaverse portfolio for wealthy Asian clients
In a statement on Wednesday, HSBC said its Metaverse Discretionary Strategy portfolio, managed by its asset management arm, will focus on investing within the metaverse ecosystem across five segments - infrastructure, computing, virtualisation, experience and discovery, and interface.
Can metals relive the 2021 run? Pinakin Parekh of JPMorgan explains
“Earnings are plateauing at very high levels which translates into very strong free cash flow generation and this in turn allows the companies to reduce debt very sharply.”
Fund managers ride out pandemic by sticking with old playbooks
Active fund managers still favor stable growth stocks over cheap ones and are avoiding economically sensitive shares like banks and energy, just as they did during the market’s tumble in March 2020. Except for a growing aversion to industrial firms, managers’ preferences across sectors are almost identical to what they were almost 16 months ago.
More US finance giants tiptoe into crypto assets
JPMorgan, the biggest US bank by assets, is currently assessing how it can help clients transact in cryptocurrency, Dimon said last month at the bank's annual meeting.
India head of Lone Star Funds Ambrish Singh quits
In his previous stint, Singh was the India head of global credit and special situations group, at BofAML for 7 years. He also worked as director - Investment banking at Daiwa Securities Capital Markets, and held senior positions in Credit Suisse, ICICI Securities Ltd and Enam Holdings.
Mark Zuckerberg, wife Priscilla Chan join $100 mn 'California Black Freedom Fund'
More than two dozen philanthropic organisations and corporations have launched this fund.
Dot-com era stock valuations bringing bubble fear to ESG funds
With the Nasdaq 100 trading near dot-com-era-high valuations of the early 2000s, the likes of Bank of America Corp. are floating warning balloons.
Bitcoin rallies above $19,000 after biggest rout since pandemic
The most-traded digital coin rose over the weekend and added almost 5% more on Monday to $19,109. That topped its peak closing level reached last week, before prices started tumbling. A Bloomberg gauge of the biggest cryptocurrencies is up 13% from Friday.
Central banks have to move from QE to RE to CE as impact fades, says JPMorgan exec
The impact of Covid-19 on economies has been varied, although it has almost affected every one. JPMorgan’s head of emerging economies’ research Jahangir Aziz talks to ET on how it is and how the world looks ahead.
Infrastructure investment to lead the next leg of growth in India: Shibani Sircar Kurian
Midcap index trading at five-year- low valuations. Over 18-24 months, midcaps provide a great opportunity.
Load More
