Asian stocks fell by the most in more than a week after the military seized power in Thailand.
This does not mean fund managers are uniformly bullish on Asian stocks.
The Nasdaq has also shown it can pull Asian stocks down.
Over all, the average domestic stock fund recently held 5.6 percent of its assets in European and Asian stocks.
Some investors are also returning to Asian stocks, out of favor until recently.
This was followed by drops in Asian stocks on 27 November.
For an example, just look at the recent activity in the Asian stock and bond markets.
Instead, they seemed to have been trying to take advantage of the bull market for Asian stocks and bonds by buying aggressively.
The merits of different Asian stocks and bonds were being weighed.
Some sort of mixed Asian stock, but it worked.