Investors dump India and commodities
China is also falling out of favour, while Japan and Malaysia are rising in popularity, according to Bank of America-Merrill Lynch’s monthly fund manager survey.
Amid increased pessimism generally over global growth among investors, fund managers have turned sharply bearish on India and commodities, according to Bank of America-Merrill Lynch's April survey.
A net 18% of global investors are now underweight commodities, the biggest underweight since January 2009. Meanwhile, emerging-market investors switched from a net 44% overweight to a net 27% UW India, and Asia-Pacific portfolio managers have also grown more bearish on the country.
In…
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