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Global Investors End 4-Year Underweight Run on Chinese Equities, Raising Allocations to Benchmark-Neutral: BofA Analysis
Global active long-only funds have raised their average allocation to Chinese equities to benchmark-neutral from underweight since June, ending four years of underweight positioning, according to a recent Bank of America analysis of 2,767 global funds. These funds manage US$562 billion in Chinese stocks, with analysts citing relatively cheap valuations and opportunities in artificial intelligence as key attractions. BlackRock remains neutral on Chinese equities but sees opportunities in physical AI, while UBS Asset Management also views China as a "key opportunity" due to attractive valuations in technology, AI, and advanced manufacturing sectors.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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