HONG KONG -- The Indian managers of PPFAS Mutual Fund have been putting its cash to work since late March, buying beaten up technology and consumer stocks on domestic and international markets.
"Everyone is glued to their television screens and focused on the harmful impact of the coronavirus," said Rajeev Thakker, chief investment officer of the $320 million fund. "Positives such as low valuations, massive (government) stimulus and low energy prices are all being completely ignored."
