Posted 3/7/2024, 5:17:07 AM
Fed Rate Cut Hopes Fade, India Funds Resilient Despite Global Emerging Market Struggles
- Market retreating from expectation of 3 Fed rate cuts this year to only 2
- Fed signaled rates have peaked but won't go down as quickly as hoped
- Global emerging market funds have record high allocation to India but aren't attracting inflows
- India dedicated funds never left and continue seeing steady inflows
- Glass half full approach to investing, especially equities, due to soft labor market and strong consumption