ab Global Research and Evidence Lab 8 May 2024 China Equity Strategy Equity Strategy 1Q24 investor positioning update - foreign funds China less underweight but still at extreme levels James Wang Strategist james-zb.wang@ubs.com +852-3712 2557 Less underweight QoQ but still below 3Q22 levels Tommy Tang, CFA Our tracking of c.800 active foreign institutional funds suggests their underweight Associate Strategist relative to benchmark has improved from -2.6% in 4Q23 to -2.3% but still more tommy.tang@ubs.com + ...