UTI AMC Doesn’t Expect Any ‘Dramatic’ Macro News To Alter Its Investment Strategy
“My strategy has been to get stocks right instead of palpitating about every macro news that comes in, says UTI AMC’s Subramaniam.
UTI Asset Management Company Ltd. doesn’t expect any “dramatic” macroeconomic data to come up which could change its investment strategy, despite multiple policy initiatives taken by the government and the central bank.
That’s according to Vetri Subramaniam, group president and head of equity, UTI AMC.
“What one does have to look out for is when the policies will start reflecting in incremental demand trends,” Subramaniam told BloombergQuint in an interview. “The good news is that over the last year, most industries have cut inventories dramatically, so there will be a natural filling up process which will give the economy a leg up.”
Subramaniam said that he prefers to not look at macroeconomic data too closely. “My strategy has always been to get stocks right instead of palpitating about every macro news that comes in,” he said.
Also Read: The One Thing That May Impact UTI AMC’s Valuations In IPO
When asked about sectors that are expected to do well, he said while there are good and bad stocks in all sectors, valuations in the domestic pharma and healthcare sector look attractive after their significant de-rating.
WATCH | UTI AMC’s Vetri Subramaniam on his investment strategy