‍In 2022, the MSCI India index rose 1.6%, while the comparable benchmark for China declined by 22%. While China's economy was struggling with the economic impact of its zero-Covid policy and a sharp slowdown in the property sector, India's economy performed well as the pandemic eased.‍

Kettner wrote in a note dated Jan. 9 that they are now beginning to invest more in risk assets. With most of the factors that would make this a more constructive investment now present, it no longer makes sense to wait for a weak first half.

Glencore is coming under increased scrutiny from investors over the climate impact of its coal mining operations.