In an interview with ET Now, Taher Badshah, CIO (Equities), Invesco Mutual Fund, explains that he finds more contra opportunities on a bottom up basis and not on a sector basis.
Edited excerpts:
A lot has changed in the last three months in terms of new developments whether it is on crude or fear of protectionism. How are you looking at it?
At some level I think quite a few of the irritants for the markets have not been fully addressed, but there is a certain amount of relief on a couple of these things. Our equity market correction, primarily, started on the back of the volatility and the weakness that we were witnessing in the debt markets earlier on.