As fears over China continue to grow, the most recent data from Bank of America show that large funds reduced exposure to Asia even further last month. As share prices continue to plummet, analyst Nigel Tupper sees value opportunities opening up in Asia for contrarian traders.
The Trends
While looking at the most recent data from large funds, Tupper identified several investing trends. First, funds have been eager to reduce exposure to China and industrials.
In the Asian tech space, Tupper noted that funds reduced their overweight positions in Taiwan Semiconductor Mfg. Co. Ltd. (ADR) TSM 1.37% and reduced their underweight position in SAMSUNG ELECT LTD(F) SSNLF.
Financials
Bank of America’s data show…
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