Is China's decline India's rise in EM portfolios?

That China has lost weight in the portfolios of emerging market equity funds is a no-brainer, says Morningstar. Over the past three years, the Morningstar China NR Index fell 7.1% annualised in Euros compared to a 5.7% rise for the Morningstar Emerging Markets NR Index. This explains why China's weight in emerging funds' portfolios has fallen from around 35% to just over 25%. Meanwhile, a look at which stocks dominate the portfolios of the biggest emerging markets equity funds, there is a trio clearly repeated in many portfolios: Taiwan Semiconductor, Tencent Holdings and Samsung Electronics....