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.
While many crowd on the sidelines, low valuations prove tempting for brave buyers

Many market observers expect pressure on companies could still get worse before a real recovery. © Reuters
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.