London-based asset manager Ashmore Group PLC is reducing its exposure to Indian equities and has made China the #1 pick in its emerging-markets fund, arguing that India’s stock market is overhyped and overcrowded while China’s is set for a rebound. With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM … Read more
The powerful rallies in Indian and Japanese equities as China’s market has slumped have reset Asia’s financial-market landscape, providing global investors with three competing poles for regional allocations. Even with China’s attractively low stock valuations, and Japan’s progress in improving corporate governance, almost half of 390 MLIV Pulse survey respondents selected India as the best … Read more
“Market operation has its own rules and should not be interfered with under normal circumstances,” Wu said. 02:40 Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy However, he added, “if the … Read more
China has banned major institutional investors from reducing equity holdings at the open and close of each trading day, part of the government’s most forceful attempt yet to prop up the nation’s $8.6 trillion stock market. The order from China’s securities watchdog was recently delivered to major asset managers and the proprietary trading desks of … Read more
