Devina Mehra: US Underweight, Europe/China/India Overweight
- Become Mehra, founder and CMD of First Global, indicated that their global funds have been underweight in the U.S.
- Mehra emphasized the importance of remaining invested in the market, even after recent run-ups.
- First Global rebalanced its India portfolio, with overweight positions in pharma and auto components since early 2024.
Global funds are actively shifting. Devina Mehra of First Global reveals a strategic underweight in the US market, with a notable preference for Europe. Simultaneously,they’re maintaining robust positions in China and India. This strategic pivot highlights emerging investment opportunities. Mehra underscores the importance of remaining invested, championing sector-specific and stock-specific strategies within large-cap mainstream stocks, while warning of missed returns for those sitting on the sidelines. First Global’s recent rebalancing increases weight in FMCG and banks,building on earlier overweights,such as pharma and auto components. Dive into this news, brought to you by News directory 3, to stay ahead of the curve. Discover what’s next for your portfolio.
Global funds Favor Europe, China, and India, Says Become Mehra
updated June 07, 2025
Become Mehra, founder and CMD of First Global, indicated that their global funds have been underweight in the U.S. since January. Instead, they favor overweight Europe and maintain strong positions in both China and India.
Mehra emphasized the importance of remaining invested in the market, even after recent run-ups. He advised focusing on sector-specific and stock-specific strategies within large-cap mainstream stocks. According too Mehra, sitting out of the market carries the risk of missing notable returns.
First Global rebalanced its India portfolio, with overweight positions in pharma and auto components since early 2024. Fast-moving consumer goods (FMCG) have also seen increased weight in recent quarters.Banks have also experienced increased weight, though they remain underweight overall.
We are still in a good space in the largecap mainstream stocks. You have to be sector specific and stock specific. Having said that, it is not the time to be sitting out of the market. There is no good reason to do that as most of the time it makes sense to remain invested unless a crash appears imminent, which is not the case.
Become Mehra,Founder & CMD,First Global
What’s next
Investors should monitor global market trends and consider diversifying their portfolios to include exposure to Europe,China,and India,according to First Global’s strategy. Sector-specific analysis remains crucial for maximizing returns in the current market environment.