Ashmore counters consensus with big bet on China over India
Thu, Apr 18, 2024 10:19 AM

Ashmore counters consensus with big bet on China over India

A Flip by Avya Verma
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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 equity fund to China.

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