The study showed 75 per cent of managers polled held an overweight view towards the Greater China equity market at the end of the second quarter of 2009, compared to 57 per cent at the end of the first quarter.
"Greater China remains the most favoured equities sector as recent economic indicators point to signs that the effects of the stimulus measures are starting to filter through the local economy," HSBC Bank Australia head of global investments Charles Genochio said.
But this positive attitude did not translate to all equity markets, with global managers continuing to shun both the European and Japanese arenas.
The proportion of managers who took an underweight view on European stocks rose in the second quarter of 2009 from 22 per cent to 36 per cent. This shift in sentiment was even more pronounced in Japanese equities, with 36 per cent taking an underweight stance at the end of the first quarter in 2009 as opposed to 70 per cent lending their support for this sentiment in the second quarter.
