摘要
印度指數 8 月走勢震盪走弱，處 65,000 點附近盤整，但自 9 月起，在外資回補之下，恢復上漲動能，近期再度站回 67,000 點。瀚亞投信表示，受到通膨上升、央行遏制流動性的干預措施等影響，印度指數 8 月有些承壓，所幸在季線有撐，在內外資雙引擎帶動下，股市重回上漲動能。
印度股票 看好大型股後市
根據瀚亞投資-印度溫度計最新指標顯示，8 月結束向上動能，反轉向下至107.7，仍處股債均衡配置區，當前投資人應合理均衡分配印度股票及債券的持有部位。
ICICI 保誠資產管理指出，隨著經濟成長、企業獲利展望樂觀，以及經濟下行風險淡化，印度股票估值自今年 3 月變得更有吸引力，而印度長期結構性成長的故事，加上政策加持，印度成為外資設廠的首選目的地之一，市場持續看好印度有很大機會能成為「中國+1」。
ICICI 保誠資產管理指出，有鑑於近期印度中小型股表現相對亮眼，為此看好大型股落後補漲的機會。經濟與產業獲利強勢成長，印度投資佔全球資產配置重要性，有望日益提升。
印度經濟穩健擴張 持續取代中國地位
印度經濟數據依舊穩健，黃金十年故事正開啟序幕。境內印度股票型基金規模最大*的瀚亞印度基金經理人林庭樟表示，印度 7 月製造業 PMI 持續高檔挺進、服務業 PMI 跳升至 13 年新高，經濟綜合表現穩健亮眼；若與其他地區國家相比，印度是少數近一年 PMI 數據未跌破 50 枯榮線的國家，由此更能清楚看出印度堅強經濟型態。
林庭樟說，雖然印度經濟強勢無庸置疑，但分項指標尚未完全達到疫情前水準，像是耐久財消費復甦動能稍微緩慢；換言之，印度經濟數據在復甦持續挺進下，有望進一步帶動經濟成長。
除此之外，林庭樟表示，全球經理人的資產配置上，逐漸流出中國市場，而具基本面優勢的印度則持續吸引外資流入，而印度在全球市場的地位也逐漸取代中國位置。整體而言，各項經濟指標及產業數據觀察，印度持續處於穩定擴張階段，建議投資人定期定額布局印度基金，掌握長期商機。
圖、印度溫度計分數：107.7
資料來源：ICICI PRUDENTIAL,2023/8
印度股債評價指數之評價模型是根據本益比、股價淨值比、政府債收益率以及市值佔 GDP 比重等參數綜合評估。指標僅供參考之用，請勿視為基金買賣之邀約或其他任何投資之建議
。ICICI 保誠資產管理公司是由印度當地最大民營銀行 ICICI Bank 及保誠集團（Prudential plc）共同成立之資產管理公司，目前固定收益資產管理金額為全印度最大。
★ 瀚亞印度溫度計指數是根據印度市場中多項投資指標設立評價模型，並依據最終數據劃將投資建議分為「積極加碼股票、加碼股票部位、股債均衡配置、加碼債券部位，跟股票落袋為安」等區間。
*資料來源：投信投顧公會，瀚亞印度基金規模截至 2023 / 8 / 31 為 112.3 億元新台幣。更多文章
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