A Bank of America (BofA) survey says fund managers in Asia are least preferred India as a stock market, with a notable share of respondents holding underweight positions. The survey indicates that 32% of respondents are net underweight on India, reflecting reduced allocation compared with other markets.
Across outlets, the main issue cited is the lack of clear exposure to artificial intelligence (AI) in Indian equities. Respondents also point to weaker expected economic growth as a secondary concern. The reporting frames these views as factors influencing portfolio positioning rather than a single event or policy change, and it suggests managers are differentiating India from other markets based on sector-level growth and technology-related earnings visibility.
While the two sources emphasize the same core concerns—AI exposure being the top driver and growth concerns following—one outlet highlights the “least-favoured” positioning in broader terms for Asia fund managers, while the other focuses on the survey’s finding that India is the least preferred for fund managers.
