 "'Investors favour India least in Asia-Pacific'")
This month, India is the least favoured market for investors in the Asia-Pacific region, according to a fund managers' survey by Bank of America Merrill Lynch. The survey added the preference for India among emerging market investors also fell this month.
Asia-Pacific investors were bearish on India — net underweight at 15 per cent. The sentiment among emerging market investors fell from 44 per cent overweight last month to 27 per cent underweight this month.
Asia-Pacific fund managers’ interest in China also waned to an extent, with the sentiment changing to neutral from net overweight last month. Exposure to Malaysia (net overweight 10 per cent) and Philippines (net overweight five per cent) picked up this month, as did the outlook for Australia, though the country remained net underweight at 10 per cent.
Investors continued to be overweight on the technology sector — both emerging market and Asia-Pacific investors were overweight on the sector. Emerging market investors reduced exposure to this sector.
Asia-Pacific investors were bearish on India — net underweight at 15 per cent. The sentiment among emerging market investors fell from 44 per cent overweight last month to 27 per cent underweight this month.
Asia-Pacific fund managers’ interest in China also waned to an extent, with the sentiment changing to neutral from net overweight last month. Exposure to Malaysia (net overweight 10 per cent) and Philippines (net overweight five per cent) picked up this month, as did the outlook for Australia, though the country remained net underweight at 10 per cent.
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Interest in the financial sector was divided, with emerging market investors net overweight by 53 per cent, while Asia-Pacific investors were net underweight on banks by 40 per cent.
Investors continued to be overweight on the technology sector — both emerging market and Asia-Pacific investors were overweight on the sector. Emerging market investors reduced exposure to this sector.