Global Allocation of Jefferies for India increased

Global investment bank Jefferies has increased its allocation to India and Taiwan in its Asia Pacific ex-Japan relative-return portfolio, while trimming exposure to China and Indonesia, citing changing macro conditions and relative growth prospects.

In its latest strategy note, Jefferies said it has raised the weight of India and Taiwan by one percentage point each, funded through reductions in China and Indonesia. As per the updated asset allocation, India’s recommended weight now stands at 17%, reflecting growing confidence in the country’s medium-term earnings outlook and structural growth drivers.

Jefferies highlighted that India continues to benefit from resilient domestic demand, infrastructure-led growth and improving corporate balance sheets, positioning it as a preferred market in the region amid global uncertainties.

Taiwan remains a key beneficiary of strong global demand for advanced semiconductors, with Jefferies underscoring the island’s leadership in high-end chip manufacturing and sustained capital expenditure by major technology players.

On the other hand, Jefferies has pared exposure to China, citing uncertainty around economic recovery and policy direction, while Indonesia saw a marginal reduction.

Separately, Jefferies also announced changes in its global and international long-only equity portfolios, removing Bank Central Asia and replacing it with Samsung Electronics, signalling a tilt towards large-cap technology exposure.

The investment bank clarified that these changes are part of its periodic portfolio review, driven by macro trends, central-bank expectations and stock-specific factors, and that allocations may continue to evolve with global market conditions.