Nuveen's Saira Malik Backs Software Stocks, Eyes Jackson Hole Fed Signals
· Business · Bloomberg, Economic Times
Saira Malik, Chief Investment Officer at Nuveen, said software stocks will rebound from their recent sell-off, arguing valuations have become attractive after sharp declines. Speaking on Bloomberg, Malik said she is watching closely for signals from incoming Fed Chair Kevin Warsh at the Jackson Hole symposium, which is closely followed by investors for cues on US monetary policy. Malik did not specify a precise timeline for the recovery but framed software as a long-term opportunity rather than a short-term trade. The comments come as the software sector has lagged the broader US equity market this year, pressured by AI disruption fears and high starting valuations.
Why it matters
Nuveen oversees roughly $1.3 trillion in assets, so Malik's bullish software call carries weight with institutional allocators weighing exposure to US tech heavyweights, many of which dominate Indian mutual fund portfolios and the Nifty IT index.
Read the original report — Bloomberg
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