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:

Telecom

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Reuters India Mobile

Reuters India Mobile

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