Tag: morgan stanley

India most preferred emerging market pick: Morgan Stanley
Business, National

India most preferred emerging market pick: Morgan Stanley

New Delhi, Oct 20: Foreign brokerage, Morgan Stanley has increased the overweight stance on India as the most-preferred EM market. Relative economic/earnings growth is improving, and the macro-stability setup looks sufficient to withstand the higher real rate environment. The "DREAM" run of domestic flows continues and multipolar world dynamics are driving both FDI and portfolio flows toward India, Morgan Stanely said. Recent high-frequency trends also support the bullish stance with inflation concerns abating and the trade balance improving. The report highlighted risks for Asia/EM equities given rising real rates, geopolitical uncertainty and narrowing market leadership. We reduce beta, downgrading Korea and UAE to EW, while upgrading Singapore and Poland to ...