Investing.com-- A BofA survey showed investors expected steady, albeit limited returns from Asian equities outside Japan in the next 12 months, amid growing hopes over a Chinese economic turnaround and stronger earnings.
The shifting expectations come as Chinese equities staged a stellar recovery from multi-year lows hit in February. Beijing was also seen rolling out a slew of supportive measures for local stocks and the property market, which has been a key point of contention for the economy. Among regional markets, Taiwan and India were the top picks, although fund managers appeared to be cooling towards India since March.
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