Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Dr. Manishi Raychaudhuri, with nearly three decades of experience in Asian Equities in the roles of APAC Head of Equity Research, Asian Equity Strategist and Analyst across various sectors, brings a unique cross border and cross-industry perspective to the process of investment strategy and asset allocation. He worked in senior leadership roles at BNP Paribas and UBS across Mumbai and Hong Kong. Prior to UBS, he was with ICICI Securities, then a JV with JP Morgan.

Manishi marries top-down macro-economic outlook with bottom-up sector themes to create unique alpha generative portfolios for clients. Manishi's Asia ex Japan equity model portfolio consistently generated significantly higher returns than the benchmark MSCI index over a decade. In addition to the macro strategy product, Manishi regularly publishes on key thematic ideas, creating custom baskets for investors.

A frequent participant in discussions in the print and electronic media, Manishi has been frequently interviewed by Bloomberg TV, CNBC, CNBC Arabia, Asharq Bloomberg, CNBC TV18, ET Now, NDTV Profit and several other channels. He has been widely quoted in Financial Times, Thomson Reuters, Wall Street Journal, South China Morning Post, Barron's, Forbes India, The Economic Times, Business Standard and other leading publications.

Chief Executive Officer

Samsung Electronics (005930 KS): BEARISH Tactical Outlook Driven by Asian Tech Sector Decay

Asian Equities: Higher Earnings Estimates, Lower Stock Prices - Nine Notable Sectors

Asian Equities: Headline Indices Back to Pre-War, but Not All Markets or Sectors Are

Asian Equities: Foreigners Continue to Sell Asia but Market Rotation Setting In

Asian Equities: What's Being Discounted Now, After the Carnage?

Asian Equities: How Critical Are FII Flows for Asia, and in Which Markets Are They Likely to Revive?

HK Strategy: Assessing the Oil Vulnerability

COSCO Shipping Energy (1138 HK): Is It Too Stretched?

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>In March till date, FIIs have sold an enormous US$58.6bn of Asian equities - the highest ever monthly sale - US$26bn in Taiwan, US$20.25bn in Korea and US$12.3bn in India.</li>
<li>On 6-monthly cumulative buying/selling as proportion of market cap, Asia is near its "most-sold" level. The ongoing Middle-East conflict could drive more selling, but Asia is rapidly entering oversold territory.</li>
<li>Korea is oversold, Taiwan is nearly there and India is not quite in oversold territory. ASEAN markets are far from oversold, implying that they could see lot more FII selling.</li>
</ul>


In March till date, FIIs have sold an enormous US$58.6bn of Asian equities - the highest ever monthly sale - US$26bn in Taiwan, US$20.25bn in Korea and US$12.3bn in India.
On 6-monthly cumulative buying/selling as proportion of market cap, Asia is near its "most-sold" level. The ongoing Middle-East conflict could drive more selling, but Asia is rapidly entering oversold territory.
Korea is oversold, Taiwan is nearly there and India is not quite in oversold territory. ASEAN markets are far from oversold, implying that they could see lot more FII selling.


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Asian Equities: Getting into Oversold Territory, After Heaviest Ever Monthly FII Selling in March