Emerging market investors prefer consumer-oriented stocks

Emerging market investors prefer consumer-oriented stocks

Strong macro headwinds and uncertainty on global growth kept investors bearish in November, shows a Bank of America-Merrill Lynch survey. Despite broad risk aversion, investors became more constructive on emerging market (EM) due to the relative growth potential, policy options and equity underperformance. Sentiment improved on China.

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Edited excerpts from a report by Bank of America-Merrill Lynch. Comment at mintmoney@livemint.com

PDF by Sandeep Bhatnagar/Mint

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