Jefferies’ Chris Wood has made several notable adjustments to its Long-Only portfolios. One of the significant changes in the global long-only equity portfolio and the Greed and Fear portfolio is the introduction of an investment in MakeMyTrip Ltd., an online travel company. This addition comes with a 4% weighting in the Greed & Fear portfolio, which is funded by removing the investment in Axis Bank Ltd.
MakeMyTrip’s inclusion reflects a growing optimism about the recovery of India’s travel sector, particularly as domestic and international travel demand rebounds.
Wood has also made adjustments in the Indian real estate space. The investment in Godrej Properties Ltd. has been removed from the Asia ex-Japan long-only portfolio, with the proceeds used to increase the position in Macrotech Developers Ltd. by one percentage point to 4%. Additionally, DLF Ltd., another major Indian property developer, will be introduced with a 3% weighting.
Asia ex-Japan long-only portfolio also includes…
