UBS Securities' head of EM and Asia equity strategy, Sunil Tirumalai, has stated that UBS has taken a cautious approach to Indian equities compared to other emerging markets.
This decision is based on the preference for EM markets that have strong fundamentals and attractive valuations.
The recent stimulus measures implemented by China have attracted global investors, as China is currently trading at a significant discount to EMs, in contrast to its historical premium.
This shift in market dynamics is influencing UBS's investment strategies as they assess opportunities across various emerging markets.