Market Outlook 2019

 
 
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MARKET OUTLOOK 2019

 
 
 

Wish you all a very Happy and Prosperous New Year 2019.

2018 has been a very interesting year, surprising and shocking us in equal measure. Unforeseen events – both domestic and global, political and financial helped create opportunities in the market and at the same time threw up challenges for the market and its intermediaries.

As investment managers, we believe that we managed expectations and performance such that it was most beneficial to you. As we step into the new year, our endeavour is to continue exploring opportunities in the market and help create wealth for you.

Keeping this in mind, we would like to present to you “MARKET OUTLOOK 2019” – the yearly document that features our views on the markets for the year ahead and our thoughts on how best to navigate its twists and turns.

 
To download Market Outlook 2019 Click here
 
   
 
 
Elections – key trigger for 2019 outlook on equities
Moved to neutral stance from a cautious one; recommend accumulating equity in a staggered manner through SIP or STP
Neutral on mid and smallcap post the recent correction; recommend adding them systematically
Asset Allocation funds and large cap oriented schemes preferred choice for lump-sum investment
Post Oil Correction – Recommend tactical allocation to infrastructure and banking theme
Valuations are fully priced in – Aim to explore special themes and bottom up stock picking strategies in 2019
Remain watchful of impact of reduction in central banks’ bond-buying programme, earnings trajectory, and escalation of trade-war tensions between US and China.
Foreign flows expected to remain positive; any reversal in these indicators would make us more positive on equities.

Click here to view detailed Equity Update

 
 
 
 
   
 
 
Post the G-Sec rally, recommend going long on low/short duration schemes (belly of the curve) and go short on long duration schemes (long end of the curve)
Moved our stance from cautious to neutral
Credit demand in the economy is strong and we recommend to benefit the carry from the short end of the yield curve
Expect volatility in the long end of the curve and we recommend trading strategy to beat this volatility
As from the above statement, it would be clear that we would like to recommend:
–  Accrual schemes which provide better carry
–  Low/Short duration schemes which can mitigate interest rate volatility
–  Dynamic duration schemes which are agile enough to benefit out of interest rate volatility

Click here to view detailed Fixed Income Update

 
 
 
 
 
 
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The information contained herein is only for the purpose of information and not for distribution and do not constitute an offer to buy or sell or solicitation of any offer to buy or sell any securities or financial instruments in the United States of America (“US”) and/or Canada or for the benefit of US persons (being persons falling within the definition of the term “US Person” under the US Securities Act, 1933, as amended) or persons residing in Canada.

 
  Mutual Fund investments are subject to market risks, read all scheme related documents carefully.  
 
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