Funds Pile Back Into EM Equity

Funds Pile Back Into EM Equity

Asia

A Bank of America-Merrill Lynch survey of fund managers shows they are jumping back into global EM equity and have an increased appetite for risk. China remains the most popular EM country, with 51% of investors overweight there and 26% of the buyside expecting to see its economy strengthen in the next 12 months. Investors are also overweight Brazil, the survey shows. The most popular GEM sector is consumer discretionary, which BofA-ML says expresses confidence in EM consumers. In the week to Ap

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