'No segment is currently cheap; many businesses are fairly priced'

How is your team viewing the current market valuations and preparing for possible corrections? Market valuations are a concern, particularly in small caps and thematic areas. It's inaccurate to label the entire market as expensive. No segment is currently cheap, but many businesses are fairly priced, with few showing froth. Over the past five years, our investable universe has nearly doubled to 500 companies. While 70 per cent of the market seems stretched, 30 per cent has opportunities for identifying high-quality businesses at reasonable prices. At Mirae Asset Mutual Fund, we focus on fundamental analysis and careful stock selection. We are also prepared for potential corrections by maintaining a disciplined and balanced approach, ensuring we are well-positioned

This article was originally published on October 30, 2024.