City National Rochdale Emerging Markets Fund is upbeat on export-oriented sectors like IT service and pharmaceuticals and has sizeable exposure to these two sectors.
Anindya Chatterjee, senior portfolio manager, City National Rochdale Emerging Markets Fund is bullish on Indian equity market post election and remains constructive on the Indian Economy. However, he cautions of a minor correction in the market since he feels that the Narendra Modi-led government may not able to deliver reforms at the pace which the market expects.
In an interview to CNBC-TV18, Chatterjee said that global investors will follow policy actions of Indian government very closely.
On specific sectors, he is upbeat on export-oriented sectors like IT service and pharmaceuticals and has sizeable exposure to these two sectors. City National Rochdale Emerging Markets Fund has also been a buyer in Indian consumer space, he said.
From the banking space, he prefers betting on private banks over state-owned lenders. Those looking to play the auto space can consider Tata Motors given JLR's performance.
City National Rochdale Emerging Markets Fund has about USD 550 million of assets under management.
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