Hopes of a growth recovery in China are all but disappearing, with the proportion of respondents expecting the slowdown to continue in 2016.
Meanwhile, sentiment stays near record lows for emerging markets, as China attracts more flows but India falls out of favour, finds Bank of America Merrill Lynch’s fund manager survey.
Emerging-market equity holdings have fallen sharply this month, with India a rare bright spot, according to the Bank of America-Merrill Lynch fund manager survey.
China, India and Japan are popular right now, while Hong Kong, Australia and Singapore are out of favour, according to Bank of America Merrill Lynch's monthly fund manager survey.
Investors remain heavily underweight emerging market stocks, with India one of the few countries in favour, finds Bank of America Merrill Lynch’s fund manager survey.
Allocations have switched from overweight to underweight the two markets amid record low emerging market sentiment, finds Bank of America Merrill Lynch's monthly fund manager survey.