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The survey was conducted between November 2 and December 9, among 118 institutions that between them oversee nearly half a trillion dollars worth of EM assets.
It showed the share of participants now “bullish” on EM prospects over the next three months had nearly doubled to 29% from 15% in the previous survey in September, while those who were “bearish” had reduced to 18% from 41%.
HSBC said the switch coincided with easing inflation concerns, expectations of a slowdown in monetary tightening by major global central banks, as well as news about reopening in China and measures to support its battered property sector.
