A View from Asia

Samir Mehta reviews his position on banks as rising expectations of inflation, long bond yields and commodity prices dominate market headlines.

  • Samir Mehta
09 Jun 2021
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  • A US government determined to keep the fiscal spigots open has lifted expectations of inflation, long bond yields and commodity prices.
  • Banks are earning better-thanexpected net interest margins while non-performing loans are significantly lower than expected.
  • These trends provided the motivation for the JOHCM Asia ex Japan team to change their view on banks and in particular to buy State Bank of India (SBI).


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