The overall tally of investors bullish about prospects for emerging market assets rose to 47% from 29% in the previous survey in December. Risk appetite also improved slightly compared with the prior poll. The poll was conducted before the recent financial market turmoil following the sudden failures of two U.S. lenders and an emergency sale of embattled Swiss banking behemoth Credit Suisse . Investors said their main concern was still the possibility of recession in major economies. (Reporting by Duncan Miriri Editing by Mark Potter)
Reuters Messaging: duncan.miriri.thomsonreuters.com@reuters.net)) LONDON, March 23 (Reuters) - Nearly half of emerging
market investors are bullish on prospects for developing markets
in the second quarter, a survey by HSBC showed on Thursday,
thanks to rising optimism following the reopening of the Chinese
economy.
Some two thirds of the respondents expected emerging
equities to outperform those of the developed economies in the
next three months, the survey of 138 investors from 133
institutions, conducted between Jan. 24 and March 6, found.
More than two thirds of the respondents expected emerging
currencies to beat those of developed markets in the same
period. Those surveyed represent $547 billion in assets under
management.
"Asia has seen the largest improvement in sentiment, largely
reflecting the expectations of a strong rebound of Chinese
economic activity," said Murat Ulgen, Global Head of Emerging
Markets Research at HSBC.
The MSCI emerging market equity index has risen 2%
since the start of the year, though those gains come in the wake
of a 22% tumble in 2022 - the biggest annual drop for the
benchmark since the 2008 financial crisis.
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