Investors shift India exposure to China due to Beijing's economic recovery support and policies.
Investors are unwinding the "buy India, sell China" stocks strategy, as Lazard Asset Management, Manulife Investment Management, and Candriam Belgium NV reduce exposure to India after a rally. They are shifting to China, where Beijing's support for its economy is driving a recovery in industrial profit and manufacturing. Funds are starting to buy into the narrative that China's policy support will revive growth, despite Wall Street banks continuing to position India as the key investment destination for the next decade.
April 02, 2024
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