India: Top Investment Destination for Global Funds

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Thailand is also generating interest with 22 percent gains this year. China has lagged, garnering only half the allocations achieved last month. The outlook for Australia and New Zealand is not so bright either. Investors are concerned about the underplayed fiscal imbalance in the U.S. in global equities. Globally, net 20 percent investors see the economy worldwide growing stronger as per the report. As compared to net 28 percent investors with concerns that corporate profitability may slide in the coming year only net 11 percent share those concerns as per October figures. But earning prospects seem to have taken a slight hit.Net 58 percent investors expect only single digit earnings gains as per October report compared to net 55 percent who shared the same concerns in September. There is a remarkable surge of net 15 percent in October equity allocations over September equity allocations with overweight equities accounting for 24 percent of asset allocators up from a net 15 percent in September. As per the report financials have seen massive gains this year over the 10 month period, from -44percent at the start of year to +33percent in October for fund managers investing in the global emerging markets.

Asia Pacific investors concentrated on Technology stocks. Healthcare, Telecom and Utilities sectors also evinced considerable interest with healthcare forming 28 percent, telecom constituting 26 percent, and utilities attributing for 11 percent investments as per the report.