Stripping China From Emerging Markets Is Wall Street's New Craze
After a rough 2021 for China assets, investors look for better ways to manage their exposure.
As Grantham, Mayo, Van Otterloo & Co.’s emerging-market team talked with one of their biggest clients in early 2021, a question arose: Would it be possible to take China out of an emerging-market stock portfolio?
It was an unusual query. Representing one-third of the MSCI Emerging Markets benchmark and half of the member companies, China is almost synonymous with emerging-market investing.