Ashmore counters consensus with big bet on China over India
London-based asset manager Ashmore Group PLC is reducing its exposure to Indian equities and has made China the #1 pick in its emerging-markets fund, arguing that India’s stock market is overhyped and overcrowded while China’s is set for a rebound. With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM … Read more
