Christopher Wood, Jefferies’ Global Head of Equity Strategy, has added Zomato to his India and global long-only equity portfolios. The weight of the stock in the India portfolio will be 4%, with a 2% increase in REC. Zomato is replacing HDFC Life Insurance, which has been removed. Wood has also added Zomato and SBI Life Insurance to his Asia ex-Japan portfolio, removing HDFC Life Insurance and Standard Chartered. Jefferies will pay for the global long-only equity portfolio’s inclusion of Zomato by shaving off investments in Alibaba and IVZ each by 2% points.
Nvidia shares rise as sales hit from China export curbs not as bad as feared
Nvidia surpassed sales expectations due to AI chip stockpiling before new U.S. export restrictions to China. However, these restrictions are projected to cut $8 billion
May 29, 2025