The rally in India's mid- and small-cap stocks will continue amid more inflows into these segments, the head of India's tenth-largest mutual fund said on Tuesday. "The rally may continue due to more flows and less companies to invest in," Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund DSP, told the Reuters Trading India forum. DSP Mutual Fund will also launch a small-cap fund this year to take advantage of the inflows to the segment, Parekh said.
In a recent development, the world's leading asset manager, BlackRock Inc (NYSE:BLK)., suggested on Monday that the 10-year Treasury yield, which recently reached a 16-year high above 4.5%, could potentially ascend even higher. The New York-based firm oversees approximately $9.4 trillion in assets as of the end of Q2 and has indicated that financial markets are gradually adjusting to the idea of enduring elevated interest rates.
The global financial markets, on Monday, witnessed a surge in long-term government yields across Europe and the Americas. BlackRock Inc (NYSE:BLK)., the world's leading asset manager, suggested that the benchmark 10-year Treasury yield, which recently reached a 16-year high of over 4.5%, could potentially climb even higher. This expectation aligns with the wider market sentiment that anticipates sustained high rates amidst a turbulent macroeconomic climate marked by uncertainty around central ba