Global fund managers trimmed their overweight positions on India in July, shows a fund managers’ survey by Bank of America Merrill Lynch. According to a monthly review, while the emerging market fund managers cut their overweight positions on India from about 75% in June to close to to 45% in July, Asia Pacific investors reduced their preference from about 21% to 7%.
However, for a second consecutive month, global investors remained overweight on GEM (Global Emerging Markets) since May 2013, the highest % of investors said that they want to stay overweight on the region. Among the countries that witnessed an increase in preference amongst GEM fund managers include Russia and China, whereas Taiwan and South Korea saw higher weights allocated by Asia pac managers.
