Here’s presenting to you the fourteenth edition of Max Life’s InvestTrack newsletter. Keeping you abreast always, InvestTrack brings you the latest and the most essential pieces of news from the investment world. So go on, explore!
Indian equity markets outperformed developed markets as well as most developing markets. Nifty was up 7.1% in the first quarter. There was even higher interest in mid-caps with the Nifty mid-cap index up 8.4%. In the first quarter, US markets were up marginally and the European markets managed to contain their fall to 4.5% despite the unexpected vote by the UK voters to leave the European Union. In the first quarter, net foreign investor inflows into equities in India were USD 1.7 billion while domestic institutions were net buyers of USD 0.4 billion. Commodity prices i.e. crude oil and base metals were up through the quarter as China growth concerns abated.
Economic growth indicators out of the US surprised positively. Resultant USD appreciation influenced the underperformance of emerging market assets....
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Global Growth Trajectory
Calendar Year (CY)'14 saw global GDP grew by 3.3%, same as previous year.Growth was lower than earlier estimates of 3.7-3.8% as Euro zone, Japan and China slowed towards the second half of the year.....