Investors are piling into emerging market funds that exclude China despite a recent blistering rally in Chinese stocks, amid concerns over escalating tensions between Beijing and the west.
Investment firms told the Financial Times that clients increasingly see the world’s second-biggest economy as too large or risky to manage alongside other developing economies such as India, leading to one of the biggest shifts in emerging markets investing in decades.
Franklin Templeton became the latest manager to launch a so-called “ex China” emerging markets vehicle on Tuesday, adding to a class of funds that has increased assets by 75 per cent this year to more than $26bn, according to data from Morningstar.
您已閱讀16%（705字），剩余84%（3624字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。