Quantum Mutual fund has come out with its latest report
which foresees markets key instruments like Equity, Gold, Debt performance
amidst volatile market.
EQUITY OUTLOOK
Views by Atul Kumar - Fund Manager (Equites) : The month of
February was an encouraging one for equities. FIIs continued to show strong
buying interest during the month and were net buyers to the tune of USD 5.13
Billion. Indian equities continue to look encouraging in the long run.
Irrespective of the global economic problems, India appears well poised to
achieve a GDP growth of 7% over the next few years. Investors can consider
allocating to equities at this point of time for good returns in the long term.
GOLD OUTLOOK
Views by Chirag Mehta Fund Manager (Gold): During February
2012, Gold continued its upward trend for most of the month. However, the
Federal Chairman's speech that avoided signs of further easing triggered a
sharp selloff on the last day. To put some numbers to this; gold prices saw an
increase of 2.9% based on the London AM Fix price, however, when considering
the spot closing prices, it indicated a decline of - 2.3% for the month. Such
was the magnitude of the selloff seen on the last day of February 2012.
DEBT OUTLOOK
Views by Chari- Fund Manager (Debt): February 2012 saw
10-year government bond yields trading at lower levels, finally ending at 8.2%.
This was good news to Indian Bonds, which continued their positive return trend
for the fourth consecutive month. Indian bonds started their bull run back in
November 2011, with yields falling and prices rising. During the same time,
10-year yields reversed their upward trend above the 9% mark, as the Reserve
Bank of India (RBI) began its Open Market operations to add liquidity by buying
government bonds across tenor.
Source: http://www.moneycontrol.com/news/mf-reports/fund-managers-outlookkey-sectors-quantum-mutual-fund-_681701.html
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