Asia-Pacific ex-Japan investors dump Australia
They are also very bearish on Malaysia and New Zealand, preferring Indonesia and Taiwan. Global allocators are boosting Japan weightings and shunning Europe.
Global emerging-market (GEM) investors have kept their country weightings relatively steady in the past month, but the same cannot be said for Asia-Pacific ex-Japan punters, according to Bank of America Merrill Lynch's April fund manager survey.
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