ANI
08 Apr 2021, 18:55 GMT+10
Mumbai (Maharashtra) [India], April 8 (ANI): Emkay Global Financial Services has tied up with global investment platform Stockal to help clients invest in US-listed stocks and securities.
The association will provide access to thematic investments available in the US equity market, for example FAANG stocks, which have been the major contributors to the rise in the US market in the past few years due to their potential to disrupt the current and future technology landscape.
Rising globalisation and inter-connected markets have brought the entire world to a common platform. While investing, said Emkay, an investor should carefully assess all the possible options available -- domestic and global -- and take exposure accordingly.
While there is no doubt about the India growth story, the global opportunities provided by the US equity market are also equally interesting.
Investment in the US market also comes with the currency appreciation factor, given the history of the greenback's appreciation year-on-year against the Indian rupee. The average annual returns from the US market have been almost 14 per cent in the past 10 years while the same was around 13 per cent for the Indian market.
Emkay said Indian HNIs have shown a huge interest in investing overseas, especially in the United States and European countries. With most global companies looking to list in the US stock exchanges to raise funds, investment in the US market provides exposure to the best equity assets around the world.
As per data available, Indians have remitted over 35 billion dollars via Liberalised Remittance Scheme (LRS) since the Reserve Bank of India (RBI) introduced it in 2015. Indians can invest 250,000 dollars in a given year.
The association with Stockal will help even the small equity investors.
"Diversification is critical as it reduces risk and helps optimise the gains. The US markets, through equities and exchange traded funds offers one of the most interesting avenues to diversify," said Ashish Ranawade, Head of Products at Emkay Wealth Management.
"The fact that US equities have been one of the greatest wealth creators makes them an obvious choice for an investor's portfolio. This tie-up with Stockal will help provide the global access to our clients wanting to make a beginning through smaller investment sizes."Emkay is an integrated securities firm offering a wide range of investment avenues including investment banking, institutional broking, private wealth management and financial products distribution. (ANI)
Get a daily dose of Nigeria Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nigeria Sun.
More InformationBRUSSELS, Belgium: The majority of European Union nations will have enough Covid vaccinations to inoculate over 55 percent of their ...
Britain's Prince Philip, the Duke of Edinburgh, has died at the age of 99 after seven decades at the heart ...
ATLANTA, Georgia: There is no significant risk of catching coronavirus from surfaces, the Centers for Disease Control and Prevention has ...
WASHINGTON D.C.: Two Yemeni men on a U.S. terror watchlist were arrested earlier this year when they attempted to illegally ...
DUBLIN, Ireland - Taoisdeach Micheal Martin says he is deeply concerned about Thursday night's attacks on a journalist and bus ...
MANILA, Philippines: A top Filipino official has warned of additional moves by the Chinese in the South China Sea."The continued ...
The president of Djibouti, Ismail Omar Guelleh, has been declared the winner of Friday's presidential election in the tiny but ...
Johannesburg [South Africa], April 10 (ANI): Mohammad Rizwan continued his excellent form against the Proteas by recording yet another half-century ...
Illicit liquor worth R10 million was seized by police during a raid on a Douglas house in Northern Cape on ...
The North West government has reported an outbreak of African Swine Fever in pigs at a Wilgeboom farm in Potchefstroom. ...
GENEVA - The World Health Organization is warning that COVID-19 cases and deaths are rising globally, partly because of complacency ...
Johannesburg [South Africa], April 10 (ANI): The Interim Board of Cricket South Africa (CSA) on Saturday welcomed the decision taken ...