Investors pour into Korea, dump India, Malaysia
Despite being extremely bearish on emerging-market equities generally, fund managers are keen on selected Asian markets and the major developed markets.
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Investors are the most bearish they have been on emerging-market equities for 13 years, while allocations to stocks in the US, eurozone and UK are at multi-year highs, according to Bank of America-Merrill Lynch’s fund manager survey this month.
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