India displaces Japan as most preferred market in Asia, shows BofA survey

India is now the most preferred equity market in Asia with 42% fund managers overweight, surpassing Japan (39%), per BofA’s latest survey.

The shift is driven by supply chain realignments and strong infrastructure and consumption themes.

Investor sentiment on Asia is improving, with fewer expecting economic and earnings slowdowns.

CLSA warns India’s “safe haven” appeal could fade if U.S.-China trade ties continue to improve, drawing flows back to Chinese markets.