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Investment Ideas from Mega Trends in India

July 26th, 2017

Investment Ideas from Mega Trends in India By Himanshu Khandelwal   Stock markets in India have been soaring as the economy enters a prolonged period of political and economic stability. At elevated valuations, near term returns seem uncertain but investors should focus on riding the Mega trends.   India’s per capita income has grown by […]

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The hunt for value in global equities 

July 26th, 2017

By Matein Khalid July 24, 2017   The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the “animal spirits” of the Wall Street bulls, even if the failure to […]

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The Four heartbeats of global finance

November 21st, 2016

By Matein Khalid   I adhere to the old Wall Street folklore first thing every morning. Watch the four heartbeats of global finance in real time: the price of gold, crude oil, US dollar and the ten year US Treasury note. Gold soared to $1338 on Election Day as it became clear that Donald Trump […]

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The Indian rupee will remain under pressure by King Dollar!

November 21st, 2016

By Matein Khalid   Trump’s election, a trillion dollar bond market meltdown and the BJP government’s draconian currency reform have lead to predictable outflows of offshore money from Dalal Street. Fund managers must slash exposure to emerging markets debt when the US dollar surges to 14 year highs, the US Treasury ten year note spikes […]

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Citigroup shares were a fabulous winner in 2016!

November 21st, 2016

By Matein Khalid   Citigroup has been my favourite US money center bank in the US, recommended in successive columns, most recently at 45 a month before the US election. The bank’s shares surged 15% after the election of Donald Trump for multiple reasons. Trump’s pro-growth policies mean a inflation risk premium in the bond […]

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India’s macro-economic rise: Accidental or Structural?

July 11th, 2016

By Himanshu Khandelwal, Investment Director, Asas Capital.   Milton Friedman once said, “Only a crisis, actual or perceived – produces real change”. This is very true in an Indian context. The Indian economy, one of Morgan Stanley’s “fragile five” in 2013, mired in a balance of payment crises with a rupee in free fall, now […]

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Asas Capital and StayWell’s Hospitality tie up

June 28th, 2016

StayWell announces its first Saudi Arabia Property – Park Regis Makkah   Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) today announced the signing of a management agreement to open and operate the company’s first Park Regisproperties in Makkah Saudi Arabia.   Expected to open in the second quarter of 2018, the remarkable […]

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Strategy ideas amid the trauma of Brexit

June 27th, 2016

By Matein Khalid   It is impossible to predict the macro zeitgeist in real time as a global political event of such seismic importance unfolds before my Bloomberg screen. So I go all cash and fly to Munich not to seek peace in our time but to revisit loony King Ludwig’s Bavarian Gothic fairy tales […]

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British equities and recession in the sceptered isle!

June 27th, 2016

By Matein Khalid   David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on […]

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Dr. Raghuram Rajan’s lost passage to India

June 27th, 2016

By Matein Khalid   It is dangerous to speak truth to power in a time of cholera. It is dangerous to tell the truth, to call billionaire oligarchs who have looted state owned banks “crooked”, to call the Maharajah’s political courtiers “venal”, to criticize religious intolerance when a lifelong RSS zealot is the Indian Prime […]

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