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.
HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names
Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters don’t believe in the company’s future.