Investors are unwinding ‘buy India, sell China’ stocks trade – Times of India
A popular equities strategy to “buy India, sell China” has reached an inflection point for some investors.Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favorite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.The…