'Buy China, Sell India' strategy is a trading not investment call: Macquarie

Foreign investors are shifting money from India to China, leading to a 3.7% slide in Nifty in October. Macquarie believes it's a trading call, not an investment bet. China's MSCI showed a strong 13% relative rebound in Q3 2024, but momentum quickly faded. The choice between India and China is becoming increasingly challenging for emerging markets investors.