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Advisory article

Poland`s equities suffer deep cuts in EM fund portfolios in August - BofA/ML

Poland was one of the three countries which suffered the deepest weightings cuts by Emerging Market fund managers in August, a monthly report by Bank of America / Merrill Lynch showed.

 

- EM investors meaningfully raised exposure to Korea (2nd highest on record), Brazil and Chile, the report reads. Weightings to Malaysia, India and Poland were reduced the most.

Global investors have cut their exposure to emerging markets to a 12-year low as a net 19% of global investors underweigh emerging markets in their portfolios, the report reads.

At the same time, - bearishness towards EM could soon be turning the corner - investor sentiment on Chinese growth and Materials stocks ticked up modestly this month, BofA/ML experts wrote. - We continue to view Emerging Markets as one of the summer’s best contrarian trades.

Source: PAP

2013-08-14



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