China funds cut equity exposure to over one-year low, boost bonds - RTRS
|Reuters out with the results of a poll of eight China-based fund managers conducted this week, which showed that the Chinese fund managers trimmed their equity exposure for the next three months to the lowest level in more than one year, while boosting their exposure in bond holdings.
Key Findings:
“The fund managers reduced their suggested equity allocations to 71.9 percent from 79.4 percent a month earlier
The fund managers have boosted their suggested bond allocations for the coming three months to 6.9 percent from 5.6 percent last month.
The fund managers surveyed remained mixed on asset allocations for the next month, with three suggesting a cut and only one signaling an increase, while four recommended the same level of equity exposure.
Average recommended allocations for consumer firms’ stocks were raised to 32.9 percent from 30 percent last month, those for financial stocks were cut to 17.8 percent from 21.4 percent, while those for electronics firms were reduced to 20 percent from 24.5 percent.”
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