Investment firm State Street Global Advisors would see "good growth" in 2018, the company's Chief Investment Officer Rick Lacaille told CNBC-TV 18 in an interview.

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Global economic condition are "pretty favourable" and the company would see good growth in 2018 from a global perspective, he added.

Speaking of equity markets he said, "we favour U.S. and emerging markets (EMs) but India is often a little expensive." The company was cautious about adding the country to its portfolio when compared to other countries in the emerging markets context, he added.

The Federal Reserve under Janet Yellen had been data driven and the company is expecting that trend to continue he further added.

Lacaille also said the company didn't view inflation risk in the United States as a significant long-term concern. A weak U.S. dollar and higher commodity prices have bolstered expectations that inflation would pick up this year.

U.S. Presidnet Donald Trump's imposition of tariffs on steel and aluminium imports to protect domestic industries is also expected to push import prices higher.

For full interview, watch accompanying video…

First Published:Mar 16, 2018 5:04 AM IST