Taiwan, India threaten China’s top spot in EM equity portfolios

New York: The race to replace China’s top spot in emerging market (EM) equity portfolios is heating up, with Taiwan and India running neck to neck as formidable rivals.

Thanks to record stock rallies, Taiwan and India now command more than 19% weightings each in the MSCI EM Index. That compares to China’s 22.8%, whose standing has steadily shrunk over the past few years, Bloomberg-compiled data show.