He has hiked exposure to the dragon nation in his Asia Pacific exJapan relative-return portfolio by two-and-a-half percentage points to maintain a 'Neutral' weighting. This hike in exposure, Wood said, will be paid for by reducing the weight in Indonesia and Korea by one-and-ahalf percentage points and one percentage point, respectively.
China, Wood said, enjoyed its biggest monthly outperformance in April in an Asia ex-Japan and emerging markets (EM) context since December 2022, as the stock market benefitted from a correction in other markets and a further rally formed MSCI Emerging Markets and in Shanghai.
MSCI AC Asia ex-Japan by 6.2 per cent and 5.3 per cent, respectively, in April. MSCI Emerging Markets index (ex-China), on the other hand, declined by 1.8 per cent.
この記事は Business Standard の May 11, 2024 版に掲載されています。
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この記事は Business Standard の May 11, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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