Emerging truths

Although allocations to emerging markets (EMs) have gone up for the second straight month, fund managers have lowered allocations for India to what is now an 11-month low. In contrast, Korea’s allocations are at a 21-month high, while China, where both growth and macroeconomic data over the past month has been encouraging, too has won over asset allocators who are now overweight on the world’s second largest economy.

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