India's Kotak seeks to manage $10bn in foreign clients' assets

BENGALURU -- The Kotak Mahindra group, among India's largest asset managers, is aiming to roughly double inflows from foreign clients to $10 billion in three years, amid improved investor sentiment toward emerging markets as Washington's erratic policies take some of the sheen off U.S. stocks.

Global investors will eventually ramp up investments in emerging markets like India, but they are first "protecting" their U.S. portfolio, said Shyam Kumar, president and head of Kotak International, the global business unit of the financial services group, which straddles banking, asset management and insurance at home.