Cement, capital goods attract fund managers
As there are increased expectations of reforms as well as their execution, investments are making their way into sectors like cement, construction and capital goods (CCC). The CCC sectors have started attra-cting the attention of fund managers. For instance, exposure in shares of capital goods has seen a rise of 16 basis points.
Cement and construction witne-ssed fund managers scaling up their investments by 30 basis points over the last two months. Navneet Munot, Chief Investment Officer, SBI Mutual Fund, says the capital goods space is incrementally looking better.
With possible improvement on the execution side, there are chan-ces of improvement of the sector's fortune. The same goes for cement shares, which have emerged as out-liers compared with the returns which the broader markets showed this year.
Rather, in the cement space selective pickings had begun since the start of this year.