India Becomes Asia's Least-Preferred Stock Market: BofA Survey
What Happened
ndia has replaced Indonesia as Asia's least-preferred stock market in Bank of America's latest fund manager survey. About 32% of surveyed fund managers are underweight on Indian equities, reflecting growing investor caution.
Key Takeaways
According to the survey, key concerns include India's limited exposure to the AI boom, slowing economic growth, high stock valuations, and a perceived lack of major reforms. Taiwan and Japan emerged as the region's most preferred markets.