EM investors dump China for Korea
Investor confidence has risen globally, but equities are seen as being at their most expensive for nearly a decade, according to Bank of America-Merrill Lynch’s fund manager survey.
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North Asia remains more favoured than Asean largely due to US growth expectations, but emerging market investors are less bullish on China than last month, according to November’s fund manager survey by Bank of America-Merrill Lynch.
Allocations to China fell dramatically, with only a net 11% of investors overweight the country, down from 56% in October. A net 56% were overweight Korea in November, up from 22% last month, and making it by far the most popular Asian nation among EM…
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