Returns for the Indian Equity Market vs Other Key markets in 2018

It was a year where benchmark indices representing Indian equity markets performed quite well relative to their emerging market and developed market peers. Three regions to fare particularly poorly in 2018 were China, Australia and Emerging Markets (which China dominates). Australian investors should be wary of having a heavy concentration in their investment portfolios to the thematic of China, Australia, residential housing and AUD in 2019.

It was the BRIC’s ex-China that did well in 2018, with Brazil, Russia and India producing positive returns in AUD and local currency terms. It’s easy to forget that the AUD behaved liked an Emerging Market currency …