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Budget kept its focus on rural, SMEs and middle-class households

Navneet Munot, CIO SBI Mutual Fund



From The CIO's Desk


After a weak 2018, global equity market depicts a strong start in the year 2019. Developed market equity (MSCI World) moved up by 10.7% during January-February, while emerging markets (MSCI EM) rallied 8.8%, with China leading the pack (up 21.2% YTD). The US Fed’s shift to a more dovish posture and a likely truce between US and China on trade conflict have certainly helped propel the global rally in risky assets. The US has suspended incremental tariff hikes on Chinese goods until further notic...