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Funds With $617 Billion Turn Less Bearish on China, Survey Shows

Funds With $617 Billion Turn Less Bearish on China, Survey Shows

Bloomberg2 hours ago
Money managers are scaling back their bearish stance on China, adding technology and consumer stocks to their portfolios amid a four-month-long rally, according to an HSBC Holdings Plc survey.
Mainland China currently accounts for almost 28% of portfolios across nearly 300 actively-managed emerging-market funds overseeing a combined $617 billion, the survey shows. That's up from 22.5% a year earlier, though the group as a whole remains 340 basis points underweight.
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