New Delhi, March 28 -- Christopher Wood, global head of equity strategy at Jefferies, has reshuffled his Asia ex-Japan and global long-only portfolios, making notable changes in his Indian holdings. He increased his exposure to Indian real estate and online travel stocks while trimming stakes in select banking and technology names. Wood also recommended reducing exposure to US equities, citing their high valuations and weakening earnings growth, while advocating for greater exposure to European, Chinese, and emerging market stocks.

In his latest weekly note to investors, GREED & fear, Wood revealed significant changes to his Asia ex-Japan long-only portfolio, signaling a bullish stance on India's real estate sector. He has removed his in...