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

Asian Equities: Watch Interest Rates, Inflation Trajectories and Valuations

Asian Equities: Foreign Flow into Asia Turned Around in August, Driven by Taiwan and India

Asian Equities: Foreigners Are Buying Korea and Taiwan Again; India and Thailand Being Sold

Asian Equities: Not a Forthcoming Collapse; Inflation and Rates the Key Issues

Asian Equities: Second Highest Ever Foreign Selling in June; Nascent Recovery in India and ASEAN

Asian Equities: Another Month of Huge Foreign Selling; Taiwan and Thailand the Only Exceptions

Asian Equities: Model Portfolio - Leaning More Towards Power, Materials, Industrials

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 July foreigners sold US$34.8bn in Asia, the third worst in recent times, after March (US$69.9bn selling) and June (US$55.8bn). Taiwan (US$25.2bn) was the most sold, followed by Korea (US$11.3bn).</li>
<li>India was bought (US$1.62bn), reversing last four month's trend. Indonesia and Thailand's July data is awaited. Till June, Thailand (+889m) is the only market bought this year. Indonesia sold (US$4.27bn).</li>
<li>Our proprietary indicator of 6-monthly cumulative trade as proportion of market cap indicates Korea, India, Indonesia are oversold. Taiwan nearly there. FIIs beginning to buy India, correcting the oversold stance.</li>
</ul>


In July foreigners sold US$34.8bn in Asia, the third worst in recent times, after March (US$69.9bn selling) and June (US$55.8bn). Taiwan (US$25.2bn) was the most sold, followed by Korea (US$11.3bn).
India was bought (US$1.62bn), reversing last four month's trend. Indonesia and Thailand's July data is awaited. Till June, Thailand (+889m) is the only market bought this year. Indonesia sold (US$4.27bn).
Our proprietary indicator of 6-monthly cumulative trade as proportion of market cap indicates Korea, India, Indonesia are oversold. Taiwan nearly there. FIIs beginning to buy India, correcting the oversold stance.


TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Asian Equities: Relentless Foreign Selling in Asia; Most of the Leading Markets Are Now Oversold