Chris Wood rejigs India equity exposure; replaces HDFC with HDFC Bank

In the financial sector, Wood now holds SBI, Bajaj Finance, ICICI Prudential Life, ICICI Lombard and CAMS besides HDFC Bank in his India long-only equity portfolio.

Christopher Wood, global head of equity strategy at Jefferies has rejigged his portfolios. HDFC Bank has emerged as his preferred bet in the financial space, as his investment in HDFC in his Asia ex-Japan long-only portfolio will be removed and replaced by an investment in the former.

In the financial sector, Wood now holds State Bank of India (SBI), Bajaj Finance, ICICI Prudential Life Insurance, ICICI Lombard General Insurance and Computer Age Management Services (CAMS), besides HDFC Bank, in his India long-only equity portfolio.

“The investment in HDFC in the India long-only equity portfolio will also be removed and replaced