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!
After three years of good returns, FY 2016 was a difficult year, with the Nifty Index down by 10.2%. Net Domestic Institutional Investors inflows into equities have been strong at USD 12.4 billion even as Foreign Institutional Investors were net sellers to the tune of USD 2.2 billion. In local currency terms, Indian equities outperformed many Emerging Market peers but underperformed developed markets like the United States. Several factors contributed to this disappointment – delay in implementing key reforms because of political deadlock, slower than expected earnings growth, crash in global commodities prices, a hawkish stance by the RBI due to its focus on inflation and other global factors.
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.....