Funds Cautious Over Volatile Equity Market
By Chen Li |
June 8, 2011, Wednesday
|
Print Edition
Print Edition
A volatile equity market is causing mutual fund managers to err on the side of caution as they continued to trim their exposure to stocks, according to data released yesterday.
The managers' average stockpile of domestic securities mutual funds fell slightly to 81.04 percent, 0.19 percentage lower from a week ago, according to data by Desheng Fund Research Center.
Of the 403 equity funds, 184 added more stocks with 90 of them increasing exposure by over 2 percent. Another 219 funds cut their holdings, with 135 of them reducing allocations by over 2 percent, the center said.
There was more caution among private equity funds whose average stock allocation was only 50 percent.
More than half of those interviewed said they will retain their stock exposure around 50 percent as 52.63 percent of the respondents forecast the market to be volatile in June.
The managers' average stockpile of domestic securities mutual funds fell slightly to 81.04 percent, 0.19 percentage lower from a week ago, according to data by Desheng Fund Research Center.
Of the 403 equity funds, 184 added more stocks with 90 of them increasing exposure by over 2 percent. Another 219 funds cut their holdings, with 135 of them reducing allocations by over 2 percent, the center said.
There was more caution among private equity funds whose average stock allocation was only 50 percent.
More than half of those interviewed said they will retain their stock exposure around 50 percent as 52.63 percent of the respondents forecast the market to be volatile in June.
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