Looking beyond the U.S.? One portfolio manager is bullish on India — naming 6 large-cap stocks

Investors have been looking beyond the United States, and one Asian country stands out, according to Malcolm Dorson, a senior portfolio manager at Global X ETFs. "Investors are now looking for international allocations, and their first stop has been India," amid expectations of rate cuts in the United States, Dorson - who manages the Global X Active India ETF - told CNBC Pro on Aug. 24. Global X's parent, Mirae Asset, is one of the largest foreign asset managers in India.

India is trading at around 22 times price-to-earnings — which the emerging markets portfolio manager acknowledges is "a slight premium to its historical average" of about 19 times. However, he remains bullish, as growth and profitability rates have been picking up. "From an investor's perspective this justifies the slightly elevated multiples. The market is a touch on the expensive side, but it's nothing crazy," said Dorson.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Big tech stocks got clobbered on Monday — What investors are looking for before they buy moreA sharp sell-off in 2024's winning names has left investors wondering whether it's safe to scoop up technology shares.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Foreign investors ditch India's pricey stocks, opt for new issuesForeign investors ditch India's pricey stocks, opt for new issues
Fuente: Investingcom - 🏆 450. / 53 Leer más »