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Amundi CIO Says India Could Benefit as AI Trade Cools
Investors around the world have been putting a lot of money into companies connected to artificial intelligence.
Vincent Mortier of Amundi says excitement about AI could cool if its future profits do not match high expectations.
He thinks investors may then look more closely at other places to invest.
Mortier said India has good economic growth and sound finances.
He also said Indian share prices are no longer expensive.
Amundi has more invested in emerging markets than benchmark indexes suggest.
Its portfolio has an 8–10% allocation to India and the same amount to China.
Mortier said India should have a larger place in global investment indexes.
He also said about 10% of his own equity portfolio is invested in India through a Nifty-linked fund.
Amundi Deputy CEO and Global CIO Vincent Mortier said investor enthusiasm for AI may be nearing a reality check.
Mortier said expectations for AI-related earnings growth and monetisation may be overly optimistic.
He described India as an attractive emerging-market investment, citing growth, sound finances and valuations that are no longer expensive.
Amundi is overweight emerging markets and allocates 8–10% of its portfolio to each of India and China, above benchmark weights.
Mortier said India deserves more representation in global benchmark indices and that about 10% of his personal equity portfolio is invested in India through a Nifty-linked ETF.
- Who
- Vincent Mortier, Deputy CEO and Global CIO of Amundi.
- What
- Mortier said AI investment enthusiasm may cool and that India could attract greater investor attention.
- Where
- The discussion concerns investment in India and global markets.
- When
- The article was published on October 11, 2026.
- Why
- Mortier said AI earnings and monetisation expectations may be overly optimistic, while India has strong growth, sound finances and valuations that are no longer expensive.
Key facts
- Amundi allocation to India
- 8–10% of its portfolio, above benchmark weight
- Amundi allocation to China
- 8–10% of its portfolio, above benchmark weight
- Mortier's personal India exposure
- Around 10% of his equity portfolio, through a Nifty-linked ETF
- Mortier's view of India
- Attractive due to growth, sound finances and valuations that are no longer expensive
- AI investment concern
- Expectations for earnings growth and monetisation may be overly optimistic
- Publication date
- October 11, 2026
Quotes
Vincent Mortier
Deputy CEO and Global CIO of Amundi
“India is a very interesting proposition because of good growth, sound finances and valuations that are no longer expensive”
thehindubusinessline.com
Sources
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