AI
Global funds view Indian stocks as a top hedge against AI risks
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India is drawing fresh attention from global fund managers looking to diversify equity investments in the coming year as worries over an AI bubble mount.
Aberdeen Group Plc sees Indian stocks staging a rebound next year, while Principal Asset Management Co. and Eastspring Investments view the market’s low correlation with AI trade as a hedge against global equities, which have a huge concentration of tech. Strategists at HSBC Holdings Plc and Jefferies Financial Group Inc. expressed similar views.
With the AI frenzy fading and India’s stock…
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