• Global pension and sovereign wealth managers are flocking to India while growing hesitant on China, according to a new study.
• Almost 40% of investors chose India as the most attractive emerging market, while less than a quarter selected China in a survey by London-based think-tank Official Monetary and Financial Institutions Forum. It included 100 funds managing $26 trillion in assets, including Singapore’s GIC Pte. and Canada’s Caisse de Depot et Placement du Quebec.
• The findings add to the signs of growing global optimism over India amid a cautious tone on China exposure. Beijing’s rising tensions with the West, policy mishaps after the pandemic and a weak economy have boosted India’s appeal as an alternate investment destination.