India a key beneficiary of global portfolio diversification: Jonathan Schiessl
"The move we are seeing from global and US investors to broaden out their global portfolios to not just be US plus a little bit of other stuff and certainly we are seeing that happening and there is quite a bit of money coming out and searching for homes and EM is certainly benefited from that and India remains a big beneficiary of that," says
Jonathan Schiessl
,
Westminster Asset Management
.
It is turning out to be a great patch for
global equities
. I mean, just not Indian equities, S&P 1% away from its all-time high, Nasdaq at an all-time high. The same market in the month of April and when I say same market, equities in the month of April were nervous because of tariff implementation. Is that adjustment over now?
Jonathan Schiessl:
You are quite right. If you look at where equities are globally and you look at the worries that markets have ingested, it is quite extraordinary really to see where we are. I think what has happened, there is certainly a case of exhaustion with regards to the constant news flow coming out of Washington, the tariffs, what is going on geopolitically in the Middle East, and investors are just for the moment ignoring it.
And obviously, as the index is pushing higher, it is sucking in more and more of the bears who are being forced to reallocate back into equities. So, it is difficult, but there are clearly a lot of concerns that still remain out there and then, obviously on top of all that we have got seasonality, usually this is, the latter half of June and the next couple of months seasonally, usually the pretty much the worst part of the year for markets.
Which have come back into India, are they a function of just the weakness in the dollar index and do you think it will continue?
Jonathan Schiessl:
Yes, I mean, if you look at
ETF flows
, obviously they have been very positive coming into India and into
emerging markets
as a whole. Certainly, the move we are seeing from global and US investors to broaden out their global portfolios to not just be US plus a little bit of other stuff and certainly we are seeing that happening and there is quite a bit of money coming out and searching for homes and EM is certainly benefited from that and India remains a big beneficiary of that.
Live Events
ETMarkets WhatsApp channel
)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
5 minutes ago
- India Gazette
India to remain fastest growing economy in 2025 & 2026, while global growth to decline: Morgan Stanley
New Delhi [India], July 1 (ANI): India is expected to remain the fastest-growing economy among all the countries covered by global investment firm Morgan Stanley, according to the latest report from its Global Investment Committee (GIC). The report forecasts India's real GDP growth at 5.9 per cent on a Q4-over-Q4 basis in 2025 and 6.4 per cent in 2026. It stated, 'India remains the fastest growing economy in our coverage, with real GDP growth at 5.9 per cent, Q4/Q4 in 2025 and 6.4 per cent in 2026.' The Global Investment Committee is a group of experienced investment professionals from Morgan Stanley & Co. and Morgan Stanley Wealth Management. They meet regularly to assess developments in the global economy and financial markets. In its baseline outlook, the committee expects global economic growth to slow down significantly. Global real GDP growth is projected to decline from 3.5 per cent in 2024 to 2.5 per cent in 2025. The report noted that a trade shock is likely to affect multiple economies at the same time, pushing most of them below their potential growth levels. It stated, 'We anticipate global growth stepping down by a percentage point in 2025 from 2024, with US trade policy and the uncertainty it engenders serving as the main drivers.' In the United States, Morgan Stanley expects real GDP growth to fall from 2.5 per cent in 2024 to just 1.0 per cent in both 2025 and 2026. Similarly, in the eurozone, growth is not expected to rise above 1 per cent annually during the forecast period, due to weaker private consumption and exports. China's economy is also expected to slow down, with tariffs contributing to a reduction of about 0.5 percentage points in real growth in 2025 compared to 2024. The report forecasts China's real GDP growth at 4.0 per cent in 2025 and 4.2 per cent in 2026, with deflation remaining a concern. In Japan, the global trade shock is likely to affect exports, but consumer spending is expected to stay strong, helping nominal GDP continue to grow. Despite global challenges, the report sees some positive momentum across Asia Pacific and emerging markets through mid-2026. It maintains an overweight stance on India, Singapore, and the United Arab Emirates (UAE), driven by ongoing reforms and strong domestic growth trends. As per the report, while Indian equities are considered expensive when compared to historical levels but the strong domestic retail and institutional investment flows will support high valuations. (ANI)
Mint
13 minutes ago
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Laurus Labs, UPL, PNB stock to buy in short term
Stock market today: Indian stock markets began on a positive note on Tuesday, maintaining their upward momentum. Both key indices recorded early increases, although investor sentiment is still cautious as markets anticipate clarity on significant global events, especially regarding the Trump administration's proposed tax reforms in the US. At 11:56 IS, the Nifty 50 index was flat at 25,504 . 65, and Sensex too was flat at 83,588.14. Riyank Arora of Mehta Equities believes Nifty 50 is poised for a breakout above 25,650 level, which could lead the index toward 25,750, and eventually 26,000 in the coming sessions. Arora suggests three stocks to buy. Here's what he says about the overall market. Nifty 50 continues to trade with a positive bias and is approaching a key overhead resistance at 25,650. A breakout above this level could lead the index toward 25,750, and eventually 26,000 in the coming sessions. On the downside, 25,500 acts as a major support level; if breached, the next key support lies at 24,400. Overall trend remains positive, with momentum indicators supporting further upside, but traders should monitor price action closely near resistance levels for confirmation of continuation. Bank Nifty is maintaining strength but now faces a critical resistance at 57,600. A decisive close above this zone could take the index higher toward 58,000, where further supply pressure may emerge. On the lower side, 57,000 is an important support, and a breakdown below this could drag the index down to 56,750. Despite short-term consolidation, the trend remains positive, with higher support levels and strong participation from leading banking names. Riyank Arora recommends these three stocks in the short term - Laurus Labs Ltd, UPL Ltd, and Punjab National Bank (PNB). Buy | CMP: ₹ 724 | Stop Loss: ₹ 700 | Target: ₹ 800 Laurus Labs is witnessing bullish momentum after consolidating near its support zone. The breakout above ₹ 720 is supported by rising volumes and a firm RSI reading. The stock is trading above key moving averages, suggesting sustained strength. A move toward ₹ 800 is expected in the short term, while ₹ 700 should be kept as a protective stop loss. Buy | CMP: ₹ 660 | Stop Loss: ₹ 625 | Target: ₹ 750 UPL has shown a strong rebound from its support near ₹ 625 and has now crossed above the ₹ 655 resistance zone with good volume. RSI and MACD both indicate strengthening momentum. If the price sustains above current levels, it could head toward ₹ 750. A stop loss at ₹ 625 is advised to manage risk in case of reversal. Buy | CMP: ₹ 110 | Stop Loss: ₹ 104 | Target: ₹ 125 PNB has been showing steady accumulation and recently broke above the ₹ 108 resistance mark. The price structure is bullish, supported by rising RSI and a favorable MACD crossover. The banking sector's positive sentiment further enhances the setup. The stock looks well-positioned to rally toward ₹ 125, with a stop loss at ₹ 104 to safeguard positions. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
14 minutes ago
- Time of India
New Zealand now trusts Indian degrees: These jobs can get you a permanent residency there
Forget the red tape. New Zealand just did what most countries won't: It officially started trusting Indian degrees. Starting June 23, 2025, Indian graduates no longer need to jump through the IQA (International Qualifications Assessment) hoop to apply for work or residence visas. For once, a country acknowledged that our universities aren't churning out complete incompetents. But here's the catch: Not all degrees matter. And not all jobs make the cut. So before you pack your bags and update your LinkedIn location to 'Auckland,' make sure you actually belong to a profession New Zealand wants. Until now, if you had an Indian degree and wanted to work in New Zealand, you had to shell out a few hundred dollars and wait weeks for an official nod from their qualification body. That step is now history—if your job is on their Green List. Read as: They'll welcome you with open arms only if you can build roads, fix bodies, or code like a beast. New Zealand's Green List decoded So what's this 'Green List'? Think of it as New Zealand's official 'VIP jobs list.' If your profession is on it, you're not just welcome—you're fast-tracked. These are roles the country desperately needs to fill, ranging from software engineers and doctors to plumbers and welders. The Green List is split into two tiers: Tier 1 – Straight to Residence: Get a job offer → Apply for residency immediately. No waiting. No hoops. Tier 2 – Work to Residence: Work in New Zealand for 2 years in that role → Then apply for PR. In short, if you're on the Green List, New Zealand rolls out the red carpet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo If you're not, you're stuck in the general queue—with slower processing, tougher scrutiny, and far fewer guarantees. Top jobs New Zealand actually cares about New Zealand isn't handing out visas for just any job. They've made it crystal clear: they want skills that keep the economy running, not padded CVs with vague job titles. If you can build, heal, or code, you're in the game. Everyone else? Good luck. Here is the list of jobs that may give you a PR in New Zealand. 1. Engineering & ICT: Civil, Mechanical, Electrical Engineers, Software Engineers, Developers They are among the most sought-after Tier 1 Green List occupations These roles qualify for Straight-to-Residence, eliminating typical two-year wait times. 2. Healthcare Practitioners: Registered Nurses & Midwives, GPs, Specialists & Allied Health Roles New Zealand has maintained a persistent shortage in medical professionals. So, it's but natural that these roles are already recognized under LQEA and Green List, qualifying for direct visa and residency channels 3. Construction & Trades: Project Managers, Quantity Surveyors and Surveyors are Tier 1 Green List roles that lead to fast-track residency. On the other hand, Metal Fabricators, Welders, Machinists and Painters are Tier 2 roles added to the Green List in August 2025 under the Work-to-Residence pathway What Should You Do? Check if your degree is LQEA exempt (Spoiler: most top Indian degrees now are) See if your job is on the Green List (Don't assume 'MBA' is a job title) Get an offer from an accredited employer—that's non-negotiable Don't expect miracles if you're in humanities or management without experience Don't mess up the paperwork. Bottom Line New Zealand has made a smart move in a world where migration politics is becoming pure theatre. It's signalling something rare: We want skilled migrants, and we trust your education. But they're not throwing open the doors for just anyone with a degree and a dream. They want doers. Builders. Coders. Healers. If you're one of them—this is your moment. If not, maybe try a different country or, better yet, a different career. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
