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HSBC's quarterly survey of 100 fund managers shows that investors' bullish sentiment towards emerging markets has reached its highest level in over two years. The survey shows that currently about 44% of respondents are optimistic about the emerging markets in the next three months. This proportion is higher than the 36% in March and also marks the highest level since March 2023. The survey covers funds managing a total of $414 billion in assets in emerging markets. HSBC economist Murat Ulgen, who led the survey, said: "Konsensus remains that emerging market stocks will rise in the next three months and outperform developed market stocks."

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