Hans Goetti, Director of Citigroup Private Bank expects 15% earnings growth for the next several years. He agrees the markets will keep moving upward as long as there are strong fund flows. But he also points out that Indian market valuations are a concern.
Talking about Citigroup’s position on India, Goetti says, from a portfolio or asset allocation perspective, Citigroup is underweight on India. But there are sectors in the market like banking, IT, telecom and energy, which continue to be favoured by the group. The group is also overweight on cement, he informs.
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