The world’s renowned brokerage firm Jefferies has made changes to its Asia equity portfolio with a long-term perspective. Jefferies has once again included HDFC Bank shares in this portfolio. With this, the total weightage of Indian private banks in this portfolio has now increased to 12 percent. Let us tell you that Chris Wood, analyst at Jefferies, issues a note named ‘Greed and Fear’ at regular intervals. In the same note, he has informed about changes in the Asia equity portfolio of the brokerage. Japan’s stock market is not included in this Asia equity portfolio of Jefferies.
It has been said in the Greed and Fear note that to increase the weightage in HDFC Bank, Jefferies has cut the shares of 4 Indian companies by one percent each. These include Macrotech Developers, Larsen & Toubro (L&T), ICICI Bank and Axis Bank. Apart from this, Jefferies has included Siemens shares in this portfolio with a weightage of 4%.
Jefferies has also included Siemens shares in its ‘India Long-Only Portfolio’ with a weightage of 4%. It has removed AU Small Finance Bank from its portfolio to include Siemens shares. At the same time, to increase the weightage in HDFC Bank by one percent, it has reduced its investment in Axis Bank.
Jefferies’ Asia Long Only portfolio (except Japan) includes stocks like Zomato, SBI, SBI Life, Godrej Properties, Macrotech, HDFC Bank, ICICI Bank, Axis Bank and JSW Energy. Apart from these, the portfolio also includes infrastructure and industrials shares like GMR Airports, L&T and Siemens.
Indian stocks included in the brokerage’s global long-only equity portfolio include Zomato, Godrej Properties, Axis Bank, ICICI Bank and L&T.
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