Brocker.Org: GUNDLACH: My most loved stock market place is on hearth

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REUTERS/Jessica Rinaldi

Jeff Gundlach, founder and main government officer of Doubleline Capital, named India as his “most loved stock market place,” urging investors to look for options in emerging marketplaces and Europe.

“My most loved stock market place India that I’ve been touting now for several years, is executing good this yr,” Gundlach advised CNBC’s Scott Wapner on Fast Money’s Half-Time Report on Wednesday.

Back again in January, Gundlach suggested that investors should look at India and Japan.

“I like it when some thing has underperformed for a very extended time like EEM and then starts off to quietly start off outperforming,” he said. “It is genuinely a good time due to the fact you might be not catching a falling knife you have received a very cheap valuation and its already kind of performing with a tailwind.”

Indian marketplaces have rallied 14% this yr, becoming the greatest-performing major market place, despite analysts warning about lofty valuations. The Sensex has rallied in excess of 240% because the 2008 economic crisis.

The Sensex dropped 6.five% in the months after the November 8, 2016, demonetization of the rupee by the Narendra Modi-led government, but recovered those people losses inside of a few of months.

Gundlach’s call on India is in line with that of Indian billionaire investor Rakesh Jhunjhunwala, who is “really bullish” on Indian stocks.

Screen Shot 2017 03 15 at 3.52.10 PMMarketplaces Insider

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