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Mark Mobius follows Goldman bet on China boost for emerging market equities

Business Standard LogoBusiness Standard5h ago

Mark Mobius follows Goldman bet on China boost for emerging market equities - Business Standard

Quick Summary:

Goldman Sachs has raised China to overweight from the market weight in its Asia strategies.

Emerging-market stocks funds had their highest weekly inflows with $41 billion through Oct.9, Bank of America said, citing EPFR Global data.

Up to now, many investors were against China but now that is changing, Mobius said.“They did not want to hear anything about China because they were hurt so badly” he said.“Now that’s changing.


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Category: BusinessFinance

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 23:19:38 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22999947

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 282 posts per day

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News Last Updated: 3 hours ago

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Publisher ID: #49

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