Clariden Leu eyes India entry, realigns after Malhotra exit

Swiss private bank Clariden Leu expects to seek an entry point for Indian equities in the next six months as it anticipates a peak in the nation’s soaring inflation rate. Soon Gek Chew, head of portfolio management and investment strategy for Asia, reaffirmed the bank’s conservative global positioning, saying it had cut its equities allocation for a balanced portfolio to 30%, from 42% at the start of this year, and raised cash to 18%, from 5%. It comes after the firm moved to st…