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Global Funds End Four-Year Underweight on China Stocks, Return to Neutral
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According to a Bloomberg report citing Bank of America strategist Nigel Tupper, global fund managers have ended their four-year underweight position on Chinese stocks. Active long-only funds among nearly 2,800 global funds have adjusted their China stock holdings to a 'benchmark neutral' level since June, attracted by artificial intelligence prospects and favorable valuations. These funds collectively manage $562 billion in Chinese stock assets. The shift marks a significant reversal of the previous sustained low allocation to Chinese equities.
Source report
Source: Bloomberg
Global fund managers are reducing their long-standing underweight positions on Chinese equities, drawn by the prospects of artificial intelligence and attractive valuations.
According to analysis by Nigel Tupper, a strategist at Bank of America, active long-only funds among nearly 2,800 global funds have, on average, adjusted their holdings of Chinese stocks to a "benchmark-neutral" level since June. This marks the end of a four-year period of underweight positioning. These funds collectively manage $562 billion in Chinese equity assets.
Read the full article on Bloomberg
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bloombergWestern