MARKET EYE-Investors stick to India, but look at China - BofA-ML

Wed Jan 16, 2013 1:01pm IST

Related Topics

* Emerging market investors have adopted "a modest overweight"
position on Indian shares for the first time since July 2010,
according to Bank of America-Merrill Lynch's survey of fund
managers, which was out on Wednesday.
* However, among Asia-Pacific investors, India was among the
least favoured region, alongside Australia and Philippines,
according to the BofA-ML survey.
* India's BSE index rose 25.7 percent in 2012,
outperforming the regional benchmark MSCI Asia Ex Japan index
, which rose 18.56 percent in the same period.
* In a separate report, BofA-ML says investors are "generally
overweight" on India, based on feedback from investors in the
U.K. and Europe, having added to their positions in the past six
months.
* However, part of that preference was driven by an
"underweight" position in China.
* With the risk of a hard landing receding in China, and with a
potential cyclical shift in the making, BofA-Merrill says,
"there is a possibility of a move towards China over next few
months".

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Jan Dhan Yojna

Jan Dhan Yojna

Modi: Banking for all to end "financial untouchability".  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage