With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.
Wall Street Week Ahead:Investors to pore over inflation data for signals on rate trajectory
Investors await crucial inflation data next week which may decide the Fed’s interest rate move. The S&P 500 index is nearing its record high while