BofA: Global investors refocus on Chinese equities, ending 4-year underweight status
After analysing 2,767 global funds, BofA indicated that the average allocation of global active long-only funds to Chinese equities has risen from underweight back to benchmark neutral since June, ending a persistent 4-year underweight. The bank said relatively cheap valuations and artificial intelligence opportunities have attracted investors to reassess Chinese equities, but the end of sustained selling does not mean a full bullish outlook.