India second-most preferred Asian market
India is the second-most preferred market (overweight) in the Asia (excluding Japan) region, an investor sentiment survey carried out by Credit Suisse shows. Chinese stocks listed in Hong Kong are the most-preferred, while those listed on the mainland are the third-most preferred, according to the survey. Meanwhile, Pakistan, Malaysia, and Australia were the least preferred markets (underweight).
- The survey was conducted during Credit Suisse’s 20th Asia investment conference held between March 27 and March 30.
- Participants choose Asia ex-Japan as the region that will provide the biggest upside for equity investors in 2017, followed by Europe and US. Investors saw US trade policies as the biggest risk to the markets, followed by geopolitical risks.
- More than half of those polled said the Asia Pacific index will go up more than 10 per cent in 2017, while a third expect the index to remain flat.
- Overall, the investor sentiment was positive as most participants were in favour of a high-beta portfolio.