Investors shun India, prefer China and Indonesia

Asia-Pacific and emerging-market investors are the most overweight China of all Asian countries, but heavily underweight India. Only 17% of respondents forecast a hard landing for China of sub-7% growth, according to Bank of America Merrill Lynch’s December fund manager survey. This is against a backdrop of ever more negative sentiment over Europe; a net 35% of asset allocators are underweight the region now, up from 30% last month. Emerging markets and the US are the most favoure…