Once considered an emerging market (EM) darling, China is now facing ostracism from the EM basket due to a prolonged spell of poor returns, an uncertain economic outlook, and geopolitical hostilities.
The assets of a popular EM-focused exchange-traded fund (ETF) excluding China (ex-China), issued by BlackRock (iShares EM ex-China), have exceeded $11 billion this month, marking a twenty-two-fold increase from less than $500 million three years ago.
Market watchers note that an increasing number of passive investors, particularly from the US and Europe, are reallocating their investments to ETFs that exclude China.
India stands to gain the most from this trend, given its highest weighting in the EM ex-China index. Companies from Mainland China hold the highest weighting in the regular Morgan Stanley Capital International (MSCI) EM Index at 22.07 per cent.
Denne historien er fra March 23, 2024-utgaven av Business Standard.
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Denne historien er fra March 23, 2024-utgaven av Business Standard.
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