Goldman Sachs tells investors theyÆre underweight Asian stocks

Global institutional investors should acquire their own quotas for China's qualified foreign institutional investor (QFII) programme to take advantage of an expected rise in Chinese market cap among global indices. Gene Reilly, Hong Kong-based head of Asian equities at Goldman Sachs, last week told an audience of Asian and North American pension funds that Beijing would look favourably on QFII requests from such institutions, as it seeks to create more long-term, anchor investors in …