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MSCI China Index has gained nearly 18% this year , while MSCi India index has lost over 7% year to date.
Over 50% of funds surveyed said they had cut their allocations to India by the end of January , while allocation to China and Hong Kong stocks were increased.
China 's CSI300 had given negative returns for three straight years before logging strong gains last year .
In Indian equities, there are still opportunities for profit-taking given the corrections since the start of the year , said Ken Wong , Asia equity portfolio specialist from Eastspring Investments .
Wong , who allocated 51% of his portfolio to China and 46% in India , said he is looking to cut exposure to small- and mid-cap names in India .
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