The face of emerging market country allocations has taken a dramatic shift in recent months.  In this video, I walkthough the evolution of country weights in China, Taiwan and South Korea, looking at the sector breakdown and movement of key stocks within each.  I’ve also included data packs for all 3, links below.

Contents:

Big 4 country weight evolution

Taiwan Summary

• Tech dominance, but record u/w
• TSMC – universally held but record underweights as UCITS hit limits
• TW Industrials rotation – Elite Materials ownership surges higher
• TW Financials recovery – Yuanta Financials captures rotation

South Korea Summary

• Samsung Electronics – approaching record highs
• Non Tech sectors seeing rotation
• SK Financials – SK Square record highs, KB Financials sees inflows
• SK Discretionary – Kia Motors, Hyundai Mobis well positioned

China & HK Summary

• Tencent & Alibaba widely held but at small weights
• Both stocks drive China’s weight decline, but funds buy in to weakness
• Exodous in Xiaomi and Meituan
• Record high ownership in CATL, Baidu sees recovery
• Sector picture more balanced, Industrials to key overweight bet.