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Focus on pharma, insurance, tech; underweight on financials: ASK Investment Managers

Updated : October 29, 2020 13:52:28 IST

Global investors are a bit jittery. The rising COVID-19 cases across the world, have scared markets. Prateek Agarwal, business head & CIO of ASK Investment Managers discussed the fundamentals and weighed in on sectoral expectations in the near-term.

Talking about results season he said, “It is good to expect markets to consolidate it is even good for the markets themselves, that said key backdrop today is a very strong result season. Versus expectations, this result season is going better. Q3 expectation definitely should start to be much robust.”

While giving his preferences he said, “We have moved money into pharmaceutical, chemicals, insurance, tech platforms, IT services kind of businesses. We are slightly underweight lending financials.”

To know more, watch the video.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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