Asia investors boost China exposure, scale back on HK

Two new pieces of data show increased investor demand for Asian allocations. Against the backdrop of a big reduction in eurozone exposure and rotation into Japan and emerging markets among global allocators, institutional investors have grown more bullish on China, says Bank of America Merrill Lynch (BoA Merrill). Total mutual fund flows, meanwhile, show strong demand for Japan and global emerging markets as investors flee Europe, according to EPFR Global. Sentiment on global gr…