MUMBAI: Thanks mainly to the 22% gain in the benchmark index in the Indian market this year, India has again emerged as a favourite Asian investment destination among fund managers globally. This rise in status for India came after nearly two and half years, the global fund managers' survey by Bank of America Merrill Lynch showed.
It was also seen that fund managers in the Asia Pacific region were chasing returns. This is also one of the reasons that India has also emerged as one of the top destinations to look for strong returns over the next 12 months. On the other hand, investors have been reducing their allocations to China and Australia, the survey showed.
It was also seen that fund managers in the Asia Pacific region were chasing returns. This is also one of the reasons that India has also emerged as one of the top destinations to look for strong returns over the next 12 months. On the other hand, investors have been reducing their allocations to China and Australia, the survey showed.