Brief by Shorts91 Newsdesk / 11:15am on 25 Dec 2023,Monday India Global
India emerges as the preferred emerging market for sovereign wealth funds and public pension schemes, with 40% favoring it over China, according to a survey by OMFIF. Concerns over Beijing's interventions in companies drive this trend, with China receiving backing from less than a quarter of surveyed managers. Regulatory challenges and geopolitical factors deter around 75% from investing in China. The surveyed funds, wielding a combined financial strength of $25.9 trillion, cite diversification and benchmark exposure as primary reasons for maintaining any investment in China. India's resilient economy gains traction, while China grapples with a deepening property crisis and sluggish growth, leading to hesitancy among long-term investors.
