Dim Sum Express

Investment Strategy: 1Q17 domestic investment fund equity allocations review

    The proportion of selected mutual funds’ equity positions remained largely stable in 1Q17 compared with 4Q16. On a broader classification of sectors, allocations to major sectors changed minimally. Sectors to which actively managed equity-heavy funds had the highest allocations in 1Q17 include healthcare, electronics, F&B and chemical. F&B, home appliances, electronics and construction saw the greatest increase in fund allocations, while telecom, healthcare, chemical and information technology suffered the largest reductions. Allocations to white goods, infrastructure and landscaping stocks rose to new high levels in 1Q17, while positions in cement, telecom operation and property were almost at new low levels.