The "falling down" of the Chinese stock market highlights the charm of India, another large emerging market, and some fund managers have increased the weight of India.
According to Bloomberg reported on October 2, the investment veteran Mai Pu Si has given India a higher weight than China since the beginning of this year.Jupiter Asset Management said that some of its emerging market funds hold India as the largest position.MG Investments (Singapore) PTE LTD also increased its configuration to India in 2022.
China's "strict control measures continue to affect the supply chain, so India is quickly favored as an alternative option." Jupiter's global emerging market stock investment manager in London said, "India is filled with fillingThe key candidate for this vacancy is called China +1. "
MSCI Indian Index rose nearly 10%in the third quarter, while the MSCI China index fell by 23%at the same timeThe gap between the China -India market is the largest since March 2000.
Bloomberg reported analysis that since the beginning of 2021, the Chinese government has adhered to the "clear zero" policy of the crown disease.Pozo $ 5 trillion (about 7.16 trillion yuan).India, known as the "next China" for a long time, has become an attractive alternative option. Economic growth is expected to reach the fastest speed of Asia.
Fund managers believe that the expansion of the Indian domestic market means that the country can be more capable of undergoing possible global economic recession than most other emerging markets.In the long run, the decoupling of China and the United States may also pave the way for Indian companies to expand its business worldwide.
