Taiwan, India threaten China’s top spot in emerging market equity portfolios
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Taiwan and India are emerging as formidable rivals to China's top spot in emerging market equity portfolios. Both countries now command more than 19% weightings each in the MSCI EM Index, compared to China's 22.8%. Taiwan's rise is notable considering its market capitalization is less than a third of mainland China's. The Taiex Index has risen 33% this year, bolstered by gains in Taiwan Semiconductor Manufacturing Co. India's Nifty 50 Index has advanced more than 12% in 2024. The number of EM Ex-China fund launches this year is just three short of last year's annual record. Earnings are a crucial factor, with forward earnings estimates for Taiwan and India increasing by at least 13% each, while China's earnings revision is slow. Emerging Asia ex-China's equity markets recorded net inflows of nearly $9 billion since the start of June, with South Korea, India, and Taiwan among the top recipients.

#Taiwan #India #China #EmergingMarkets #EquityPortfolios

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