New Delhi, Nov 20
India's valuations offer value as compared to Chinese equities as the nation is currently the largest underweight in Global Emerging Market (GEM) portfolios from the Asia region, with only a quarter of tracked funds holding overweight positions, a report said on Thursday.
"India is currently the biggest underweight in GEM portfolios; only a quarter of the funds we track are overweight India. And after recent underperformance, we think India's valuations offer value as compared to Chinese equities," HSBC Global Research said in its report.
The report said that the Global Investment Bank remained optimistic on Hong Kong, India and Indonesia, while maintaining underweight positions in Taiwan, Korea, Japan, Singapore and Thailand.