fintech / news / / South China Morning Post
HSBC: Fund managers added mainland Chinese and Taiwanese stocks to their portfolios.
Fund managers increased allocations to mainland Chinese and Taiwanese stocks in February and March 2024.
KEY POINTS
- Asian funds' weighting in Indian stocks fell to a new low during this period.
- Holdings in Chinese upstream energy producers and battery makers were increased, while South Korean memory stocks were cut.
- In Taiwan, funds bought tech stocks like Chroma ATE and Aspeed despite unwinding positions in TSMC.
- Foreign investors favored Chinese yuan stocks for their insulation from global energy supply disruptions.
COMPANIES
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