India becomes the least-favoured Asian stock market in BofA survey - here's why
The survey identified the absence of clear exposure to artificial intelligence as the biggest concern for Indian equities, followed by weak economic growth. As many as 32% of respondents were net underweight on India.
India has emerged as the least-favored stock market in Asia according to a Bank of America Corp. survey of fund managers. This marks a shift from Indonesia, which had previously held this position. The survey, which gathered input from 98 fund managers managing $272 billion in assets, reflects growing investor caution towards the Indian market.
Among the concerns, the absence of clear exposure to artificial intelligence technology and weak economic growth were cited as the key reasons for the negative outlook. Additionally, high valuations and a lack of reforms were also mentioned as factors contributing to the unfavorable perception of India's stock market. Despite a brighter earnings outlook, Indian equities have experienced declines over the past two weeks, leading to a perception among investors that caution remains even as the market's fundamentals improve.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- India replaces Indonesia as Asia's least-preferred stock market: BofA poll business-standard.com
