Positive on banks, IT, telecom, energy: Citigroup

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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One Response to Positive on banks, IT, telecom, energy: Citigroup

  1. Anonymous says:

    Hi, I am a regular visitor and fan of your blog. I came across a recent article by Marc Faber. This article is for those who are too negative on rising Indian Stock market. I am sure you might be planning to add it but if you miss it by chance, here is the link. http://www.howestreet.com/articles/index.php?article_id=2383Thanks again and keep it up.Sushil.

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