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Emerging markets allocations highlight bad bet on Brazil

LONDON (Reuters) – Global emerging markets equity fund managers continued to cut their allocations to Brazil during the third quarter, according to the latest data from Lipper, missing out on a resurgence in stocks there.

A sample of allocations changes at more than 1,500 actively-managed funds with close to $160 billion in assets has shown that managers cut their Brazil weightings to less than 11 percent of their portfolios in the three months to end-September. The move continues a trend which has seen the weighting fall from 12.6 percent a year ago.

Oct 22, 2013
Oct 22, 2013