New Delhi [India], December 28 (ANI): Global investment bank Jefferies has increased its allocation to India and Taiwan in its Asia Pacific ex-Japan relative-return portfolio, while trimming exposure to China and Indonesia, citing evolving macroeconomic conditions and relative growth prospects across the region. In its latest strategy note, Jefferies said it has raised the weightings of India and Taiwan by one percentage point each, funded through a reduction in allocations to China and Indonesia. It says, "The weightings in India and Taiwan in the Asia Pacific ex-Japan relative-return portfolio will be increased by one percentage point each by reducing the weightings in China and Indonesia." According to Jefferies' Asia Pacific ex-Japan asset allocation, India's recommended weighting has been increased to 17 per cent, while Taiwan's allocation has also been raised, underscoring confidence in their medium-term earnings outlook and structural growth drivers.
