Replaces Indonesia

• India has replaced Indonesia as the least-preferred stock market in Asia, reflecting growing caution among fund managers toward the country's equities. • A survey conducted between August 7 and 13 of 98 fund managers overseeing $272 billion in assets found India's stocks to be among the region's worst performers this year. • In contrast, sentiment toward Indonesia improved, with net underweight positions dropping from 32% in July to 27%, while Japan and Taiwan remain the most preferred markets.

• India has replaced Indonesia as the least-preferred stock market in Asia, according to the latest fund manager survey conducted by Bank of America. • The decline in preference is attributed to high market valuations, weak growth projections, a lack of structural reforms, and limited exposure to AI-driven opportunities. • This shift highlights growing investor skepticism regarding India's current pricing relative to its fundamental growth drivers compared to other Asian markets.

• India has overtaken Indonesia as the least-preferred stock market in Asia, according to a Bank of America poll conducted between August 7 and August 13. • The survey, which included 98 panelists managing $272 billion in assets, identified a lack of clear AI exposure and weak growth as the primary risks for Indian equities. • While Taiwan and Japan remain the top preferred regions, Indian stocks have declined over the past two weeks despite an improving earnings outlook.