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Multi Asset Strategy - Focus On Asset Allocation To Insulate Portfolio Against Volatility: Axis Securities

Multi Asset Strategy - Focus On Asset Allocation To Insulate Portfolio Against Volatility: Axis Securities

<div class="paragraphs"><p>  A chef with Moshimo Japanese restaurant delivery-only kitchen, prepares a sushi platter at a Deliveroo Editions field kitchen, operated by Roofoods Ltd., in Hove, U.K. (Photographer: Luke MacGregor/Bloomberg)</p></div>
A chef with Moshimo Japanese restaurant delivery-only kitchen, prepares a sushi platter at a Deliveroo Editions field kitchen, operated by Roofoods Ltd., in Hove, U.K. (Photographer: Luke MacGregor/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Covid-19 Update: Covid-19 cases in India declined throughout February 2022 after witnessing an accelerated rise in mid-January 2022. This was primarily driven by the large-scale vaccination undertaken by the Government of India.

High-frequency indicators: Google mobility data has displayed a comeback towards pre-pandemic levels with Covid-19 scares receding. Mobility for retail and workplace has gathered momentum as the number of cases has dropped and mobility-related restrictions during Covid 3.0 have eased.

Equities: Overall, Feb-22 turned out to be a highly volatile month dominated by geopolitical risk. Furthermore, a few other macro factors that continue to weigh on investor sentiments are 1. rising concerns over inflation, 2. aggressive rate hikes expectation, 3. rising bond yields, and 4. rising crude prices.

Fixed Income: Led by the policy support, the slope of the yield curve has been flattening since Oct-21 as against the steep curve seen in the earlier months.

Gold - Gold has emerged as a best-performing asset class in the first two months of 2022.

Currency: The Indian currency remained volatile in Feb-22.

Click on the attachment to read the full report:

Axis Securities Multi Asset Strategy-March2022.pdf

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