Emkay Global has tied up with Stockal to help its clients invest in US-listed stocks and securities.
Emkay Global Financial Services is expanding its product offering in line with its stated goal to provide a comprehensive suite of Wealth Management Services and solutions. Emkay Global has tied up with Stockal – a global investment platform to help its clients invest in US-listed stocks and securities. The association will provide access to the thematic investments available in the US equity market, for example FAANG stocks, which have been the major contributors to the rise in the US market in the past few years due to their potential to disrupt the current and future technology landscape. Rising globalization and inter-connected markets have brought the entire world to a common platform. While investing, an investor should carefully assess all the possible options available – domestic and global and take exposure accordingly.
While there is no doubt about the India growth story, the global opportunities provided by the US equity market are also equally interesting. Investment in the US market also comes with the currency appreciation factor, given the history of the greenback’s appreciation year-on-year against the INR. The average annual returns from the US market have been almost 14% in the past 10 years, whereas the same was around 13% for the Indian market.
Indian HNIs have shown a huge interest in investing overseas, especially in the US and the European countries. With most global companies looking to list in the US stock exchanges to raise funds, investment in the US market provides exposure to the best equity assets around the world. As per data available, Indians have remitted over $35 billion via LRS since RBI introduced it in 2015. As per RBI’s Liberalised Remittance Scheme, Indians can invest $2,50,000 in a given year. The association with Stockal will help even the small equity investors.
Ashish Ranawade, Head of Products, Emkay Wealth Management said “Diversification is critical as it reduces risk and helps optimise the gains. The US markets, through equities and exchange traded funds offers one of the most interesting avenues to diversify. The fact that US equities have been one of the greatest wealth creators makes them an obvious choice for an investor’s portfolio. This tie-up with Stockal will help provide the global access to our clients wanting to make a beginning through smaller investment sizes.”
Prakash Kacholia, Managing Director, Emkay Global Financial Services said “The new initiative is in line with our broader organisational aim and vision to deliver superior products and services to our clients. I am confident that this new product offering will help domestic investors diversify, set and realise their investment objectives”.