While the world is drumming up the outperformance of Indian equity markets over the past few months and comparisons with geographic phenomenon are becoming rampant, phone lines at one foreign-backed wealth management firm are ringing with only one request — “buy US equities”. The wealth management firm has been surprised by the request given that generally investors tend to chase outperformance in the market. It appears some ultra and high net worth investors believe in the possible reversal in fortunes of the US market, especially its technology stocks, very soon. Or, maybe they are just really inspired by Nathan Rothschild’s quote about buying stocks when there is blood on the Street.
