China fund managers cut proposed equity exposure for next 3 months – RTRS poll

According to the latest Reuters poll, the Chinese fund managers reduced their proposed equity exposure to one-year lows.

Reuters polled 8 fund managers

Key Findings:

Proposed equity exposure down from 76.9% to 73.8% at 1-year lows

Fund managers maintain bond exposure for next 3 months at 10%

Increase proposed cash allocations for next 3 months to 16.3% from 13.1%

USD/JPY heads towards 113.00 amid notable USD demand

The USD bulls took a breather from the Asian upswing, prompting a brief consolidation phase in USD/JPY, as markets digest the Japanese data dump ahead
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FX option expiries for Sept 29 NY cut

FX option expiries for Sept 29 NY cut at 10:00 Easter Time, via DTCC, can be found below. - EUR/USD: $1.1500(E595mn), $1.1600(763mn), $1.1700(E373mn)
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