Value Funds Move to Record Underweight in India
Cross Asset Strategy
137 Views, 19 Jan 2022 15:16
- India moves to largest underweight country holding among EM Value managers. Current underweight the highest on record.
- Among Value managers, India saw net fund outflows of $322m, the underweight increase by -1.92% and a further 7.7% of managers move to underweight over the last 6-months.
Reliance Industries (RIL IN) is the key underweight, whilst Bajaj Finance Ltd (BAF IN)Bharti Airtel (BHARTI IN) and Larsen & Toubro have been avoided by EM Value managers altogether.