China funds cut equity allocations to 9-month low, boost cash: RTRS poll

According to the results of the latest monthly Reuters poll, China’s fund managers cut their suggested equity allocations to 75%, from 76.3%a month earlier.

Reuters conducted a poll of eight China-based fund managers conducted this week.

Key Findings:

“The fund managers have, meanwhile, trimmed their suggested bond allocations for the coming three months to 10 percent from 10.6 percent a month ago.

They have boosted recommended cash allocations to 15 percent for the next three months, from 13.1 percent in the previous month.

The fund managers surveyed held mixed views on asset allocations for the next month, with five suggesting the same level of equity exposure, two suggesting increase, while one recommended slashing.

Average recommended allocations to metals shares jumped to 7.6 percent from 2.5 percent, and allocations to financial service firms edged up to 15.8 percent from 15 percent, while allocations to electronics and technology stocks were reduced to 22.1 percent from 25 percent”