HSBC MF CIO avoids aggressive bets, sees value in banks, selective small caps
Venugopal Manghat, CIO–Equity at HSBC Mutual Fund, which manages funds worth over $14 billion, advised against aggressive positioning in the market right now. but noted that corrections across sectors have created opportunities. Manghat has maintained cash levels between 2% and 5%, and focused on restructuring portfolios without making large directional shifts. Among sectors, he sees…
