India only overweight among the top four global emerging markets

India is the only country among the top four emerging markets (EMs) where global investors have an overweight stance. China (including Hong Kong), Taiwan, South Korea, and India have the highest average weightage in the EM space, accounting for two-third allocations. 

“Of the four, only India is held overweight (0.59 per cent) the benchmark, on average, with China the largest underweight at -4.62 per cent. Russia and Mexico stand out as the largest overweight country holdings, with two-thirds of managers overweight Mexico at 0.98 per cent above benchmark and Russia at 1.06 per cent above bench, on average,” says analyst Steven