Global fund managers cut India allocation in favour of China, BofA survey shows

Global fund managers cut India allocation in favour of China, BofA survey shows

FILE PHOTO: A man walks past the logo of the National Stock Exchange (NSE) in Mumbai, India, August 9, 2024. REUTERS/Francis Mascarenhas/File Photo

Global fund managers increased their allocation to China at India‘s expense after Asia’s largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.