Shankar Sharma has labeled CLSA"s recent "Buy India" note as a "trap" for retail investors and domestic institutions, criticizing the firm"s shift to a 20% overweight allocation in India while reducing exposure to China. He suggested that the note serves as a deceptive strategy by the Chinese-owned brokerage to mislead Indian investors, referring to it as a "Trojan Horse" designed to offload unwanted products onto them.
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