FPI return to India a question of when, not if: Amundi CIO Vincent Mortier

What happened: Amundi group CIO Vincent Mortier said foreign portfolio investors returning to India is a question of when, not if, citing India's strong macroeconomic fundamentals and a likely moderation in the AI earnings supercycle and oil prices. Key numbers: Amundi has EUR 2.6 trillion in assets under management. US public debt is $40 trillion. Why it matters: Mortier expects higher long-end US rates to weaken the dollar and benefit emerging markets like India, and sees AI amortization and falling token prices challenging the 15-20 names that drove US markets.

Amundi group CIO Vincent Mortier said foreign portfolio investors returning to India is a question of when, not if, citing India's strong macroeconomic fundamentals and a likely moderation in the AI earnings supercycle and oil prices.

Mortier expects higher long-end US rates to weaken the dollar and benefit emerging markets like India, and sees AI amortization and falling token prices challenging the 15-20 names that drove US markets.