Why Jefferies's investment portfolio shifted weightage from China to India
28 Dec 2025

Global investment bank Jefferies has announced a strategic shift in its Asia Pacific ex-Japan relative-return portfolio.

The firm has increased its weightage for India and Taiwan by 1% each.

This adjustment was made by reducing the weightage for China and Indonesia, according to Jefferies's latest strategy note.

The move comes amid changing macroeconomic conditions and varying growth prospects across the region.

Portfolio adjustments reflect confidence in India, Taiwan
Market confidence

Jefferies's latest strategy note shows an increase in India's recommended weightage to 17%, while Taiwan's allocation has also been raised.

The move highlights the bank's confidence in their medium-term earnings outlook and structural growth drivers.

On the other hand, China's weightage has been reduced and Indonesia has seen a slight cutback.

Jefferies's reallocation strategy
Strategic reassessment

The portfolio reallocation comes as Jefferies grapples with rising uncertainty over China's economic recovery and policy direction.

The firm is also eyeing selective opportunities in other Asian markets.

It said India continues to thrive on strong local demand, infrastructure-led growth, and improving corporate balance sheets. These factors make it a favored market in the region.

Taiwan's tech sector bolsters portfolio adjustments
Tech influence

Jefferies has also noted Taiwan's strong position in high-end chip manufacturing and continued capital expenditure by leading technology companies.

The island nation is a major beneficiary of global demand for advanced semiconductors, with its tech sector playing a key role in global supply chains.

These factors have influenced Jefferies's portfolio adjustments, particularly in the Asia Pacific ex-Japan portfolio.