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He said investors can take some money off the table from their US-based investments and reallocate to emerging market funds in the coming year. In the last one year, Franklin Feeder US Opportunities Fund has given 47 per cent and Motilal Oswal Nasdaq 100 has given 52 per cent return while PGIM Global Equity Opportunities Fund has given 73.53 per cent return during this period.
“The US dollar is expected to weaken and a lot of money is lying in bonds where yields are negative. “A lot of this money will go to emerging markets,” says Anoop Bhaiya, MD and CEO, Money Honey Financial Services. He advises investors to book some profits in the Nasdaq 100 fund and transfer some of the money to emerging market funds. He recommends the Edelweiss Greater China Offshore Fund, the PGIM Emerging Markets Fund and the DSP World Energy Fund.
Some financial planners said it makes sense to continue with US funds because portfolio managers tend to buy into global giants with operations in multiple countries and long-term investors should continue to add them. “Business models of US companies are solid. Valuations are currently driven by lack of liquidity and opportunity globally,” says Prateek Pant, Head of Product and Solutions, Sanctuary Wealth. Pant has acquired Motilal Oswal Nasdaq 100 ETF, Franklin US Equity Recommends Opportunities Feeder Fund and Edelweiss Great China Offshore Fund.
Most investors have started building their international portfolio in the past year. The advisors said index funds that bet on specific topics such as technology, natural resources or specific countries are the preferred bets.
Rohit Shah, Founder, Getting You Rich says, “We like to stick with big companies and use index funds to build international exposure. He recommends Motilal Oswal S&P 500 and Nasdaq 100.
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