Investors pour into Korea, dump India, Malaysia

Investors are the most bearish they have been on emerging-market equities for 13 years, while allocations to stocks in the US, eurozone and UK are at multi-year highs, according to Bank of America-Merrill Lynch’s fund manager survey this month. That said, certain markets in Asia – notably China and Korea – are heavily in favour among global EM managers. Korea has gone from having a net 20% of GEM managers underweight in July to a net 42% overweight this month. Asia-Pacific inves…