"We might look to perhaps increase our equity weighting
into the year end," she said.
Emaar, which has the heaviest equity weighting
on DubaiEoe1/4aos index, rose to 4 dirhams.
Steve Lee, CEO, HSBC Jintrust, said, 'This Fund fills a gap in high equity weighting
in actively managed funds investing in large-cap stocks in the market.
For foreign equities, the percentage will rise from 3 to 8 for a total equity weighting
of 20 percent versus the current 8 percent.
Embedded in this is the one per cent Africa-Mideast equity weighting
against seven per cent global GDP.
The Cazalet survey showed the society had a high equity weighting
of 69 per cent compared with an industry average of 33 per cent.
The Birmingham-based assurance society said this week that the 80.4 per cent equity weighting
(including shares and property) of its with-profits funds has been maintained well above the insurance industry average.
And the pounds 3 billion pension fund operated by supermarket chain J Sainsbury has cut its equity weighting
to 70 per cent from 80 per cent with a corresponding rise in its bond holding.
More than a third (35 per cent) plan to reduce equity weightings
over the medium term, with the intent overall to make small reductions rather than cut significantly.
More than a third said they were considering whether to reduce equity weightings
in the medium term, with plans to make "small" rather than "significant" cuts.
In contrast, when markets hit rock bottom, many investors reduce their equity weightings
massively, often to a point well below what their attitude to risk implied.
Cash weightings among fund managers remain somewhat high, slightly above the three-year average of 4.8%, while equity weightings
are still low -- near multiyear lows compared with cash, bonds, commodities and real estate investment trusts, according to the survey.