Institutional investors, family offices turn gloomier on China

Concerns over the high levels of corporate debt, flagging growth, a weak property market, and deteriorating relationship between Beijing and Washington, is causing institutional investors and multi-family offices to pull back from the region’s largest economy, with some turning more cautious on Asia as a result. Since last August, the size of OMERS China allocation has fallen from 2.5% of its portfolio to “less than 2%,” according to a spokesperson for the fund, who declined to sa…