Niranjan Avasthi, Sr. Vice President & Head – Product, Marketing and Digital, Edelweiss MF, states “a fund of funds is just a fund which in turn purchases a hidden fund. When we talk about Edelweiss United States Technology Fund, it is a fund of funds which invests into a hidden fund that is JP Morgan United States Technology Fund, which basically invests in innovation business in the United States or business which are noted in United States markets.” Let us focus on the United States market. We will discuss the tech area and tech stocks in the future and more in information about the fund. Let us discuss how well is the United States market positioned, thinking about all the worrying elements? Broadly, the United States market for the last one year was coming to grips with high inflation due to which we have actually seen the United States Fed increasing rates at a more than preceding rate till more than 5%. And this broadly, effectively handled to lower inflation. As we speak today, the financial development of the United States economy has actually been suppressed over the previous number of quarters and is anticipated to stay so, provided inflation is still extremely high, well above the Fed’s target. There is no stimulus to the economy due to the fact that the Fed is on a rate increasing spree. In pockets, whether we talk about joblessness numbers which are extremely low, general customer costs has actually been slowly enhancing over the previous 1-1.5 years. The real estate market is rather steady now. In pockets, things are looking much better. In general, the economy is still sluggish or shooting much listed below expectations. Speaking about particularly having direct exposure in the United States market, diversity is constantly an excellent method. B
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