TABELLA-Sondaggio Asset Allocation Reuters Italia (dicembre 2014)

giovedì 18 dicembre 2014 13:00
 

MILANO, 18 dicembre (Reuters) - Le tabelle sottostanti riportano, in
percentuale, la fotografia di azioni, obbligazioni e altri asset in cui sono
investiti portafogli bilanciati globali e portafogli modello nel mese di
dicembre secondo un sondaggio condotto fra 12 società di asset management attive
in Italia.
    Per la storia relativa fare doppio click su 
    Il sondaggio è stato condotto tra il 9 e il 15 dicembre.

1. Quale è l'allocazione attuale del vostro portafoglio globale?
         EQUITIES    BONDS       CASH    PROPERTY   ALTERNATIVE
   Dec    43.8        41.4        7.7       0.1        7.0 
   Nov    44.6        40.3        7.5       0.1        7.4
   Oct    44.8        40.4        7.2       0.1        7.5
   Sep    45.3        39.1        7.6       0.4        7.7
   Aug    45.1        39.3        7.6       0.4        7.6
(*)Jul    45.3        38.1        8.5       0.1        7.9
proforma  44.5        39.5        8.1       0.4        7.6
   Jun    44.8        39.7        8.1       0.4        7.1
   May    44.2        39.2        9.3       0.4        7.0
   Apr    43.9        38.1       10.5       0.4        7.1
   Mar    43.7        38.9       11.2       0.4        5.9
   Feb    44.0        38.9       10.8       0.4        5.9
   Jan    45.9        38.7        9.3       0.4        5.9
   Dec    44.9        39.2        9.7       0.4        5.9
   Nov    44.9        40.4        9.4       0.4        5.1
   Oct    44.9        40.8        8.7       0.4        5.3
   Sep    44.8        41.0        8.6       0.4        5.3
   Aug    44.8        40.6        9.0       0.4        5.3
   Jul    45.8        42.4        6.2       0.1        5.5
   Jun    45.7        41.7        7.0       0.1        5.5
   May    46.6        42.1        5.8       0.1        5.5
   Apr    46.9        39.5        7.1       0.7        5.9
   Mar    46.5        40.5        6.5       0.7        5.9
   Feb    48.0        39.9        5.5       0.7        5.9
   Jan    47.1        40.2        6.2       0.7        5.9
   Dec    46.2        40.4        6.6       0.7        6.1
   Nov    46.2        40.6        6.5       0.6        6.1
   Oct    46.2        40.6        6.5       0.6        6.1
   Sep    42.6        42.9        8.5       0.5        5.5
   Aug    41.9        43.5        8.1       0.6        5.9
   Jul    41.4        44.3        8.5       0.6        5.3
   Jun    41.2        44.1        8.6       0.1        6.0
   May    41.0        44.2        9.5       0.1        5.3
   Apr    41.0        45.3        8.4       0.1        5.3
   Mar    43.1        43.9        8.2       0.1        4.7
   Feb    42.4        43.5        9.0       0.1        5.1
   Jan    43.0        44.0        8.9       0.0        4.1
   Dec    42.6        43.3        9.4       0.0        4.7
   Nov    41.1        45.0        9.1       0.0        4.7
   Oct    40.8        44.6        9.9       0.0        4.7


2. Quale è l'allocazione attuale del vostro portafoglio azionario globale nelle
seguenti aree geografiche?
        US/        EURO  EMRG          ASIA         AFRICA/
        CAN   UK   ZONE  EUROPE JAPAN  EX-J  LATAM  M.EAST OTHERS
   Dec  41.3  6.0  33.1   1.2    8.8   5.3    1.3    1.2    2.3 
   Nov  40.7  5.5  33.2   1.2    8.5   5.7    1.3    1.2    2.8 
   Oct  40.6  5.3  32.6   1.2    9.7   5.5    1.2    1.1    2.8
   Sep  40.5  5.5  32.7   1.5    9.7   5.0    1.4    1.1    2.6
   Aug  40.5  5.6  33.4   1.5    9.5   5.1    1.4    1.2    2.1
(*)Jul  39.5  5.6  35.6   1.4    9.1   4.8    1.4    1.1    1.5
   Jun  41.1  5.9  33.3   1.2    9.1   4.9    1.3    1.0    2.3
   May  39.2  6.5  33.4   0.7    8.9   5.2    1.0    0.7    4.4
   Apr  42.4  6.2  32.8   1.0    8.2   5.5    1.4    1.0    1.5
   Mar  38.9  5.6  36.3   1.2    8.5   5.5    1.2    1.0    1.8
   Feb  38.2  6.5  35.4   1.3    8.8   6.0    1.3    0.8    1.8
   Jan  37.5  6.4  35.4   1.5    8.7   6.2    1.4    1.1    1.8
   Dec  38.2  6.2  34.2   1.7    8.6   6.8    1.5    1.1    1.8
   Nov  39.8  6.2  33.3   1.6    8.0   7.1    1.4    0.8    1.8
   Oct  40.2  6.2  33.2   1.8    7.7   6.7    1.7    0.7    1.8
   Sep  40.4  6.2  33.2   1.5    8.3   6.4    1.6    0.7    1.8
   Aug  40.8  6.2  33.0   1.6    8.5   5.6    1.4    0.7    2.1
   Jul  40.8  6.3  33.6   1.6    8.1   6.1    1.2    0.9    1.3
   Jun  41.9  6.4  31.9   1.9    7.5   6.8    1.6    0.7    1.3
   May  41.4  6.2  31.3   1.9    8.1   7.3    1.9    0.7    1.3
   Apr  41.0  6.6  30.2   1.8    7.6   8.0    2.2    0.8    1.9
   Mar  40.2  6.5  31.2   2.1    6.3   8.6    2.2    0.9    1.9
   Feb  42.5  6.9  29.0   2.3    5.8   8.7    2.2    0.9    1.6
   Jan  42.8  7.0  28.9   2.3    5.3   8.9    2.3    0.9    1.5
   Dec  43.0  7.6  27.5   2.0    5.9   8.8    2.5    0.9    1.8
   Nov  43.6  7.4  27.5   2.0    6.1   8.3    2.5    0.9    1.8
   Oct  44.0  6.9  27.7   2.0    6.3   8.0    2.4    0.9    1.9
   Sep  41.1  7.9  30.7   1.6    5.1   6.9    1.9    0.8    3.9
   Aug  41.0  8.3  31.6   1.3    5.4   6.1    1.7    0.7    3.9
   Jul  39.8  7.3  31.3   2.0    6.2   7.4    1.9    0.6    3.6
   Jun  39.5  7.5  31.7   2.0    5.9   7.7    1.9    0.6    3.2
   May  39.2  7.5  31.2   1.8    6.5   8.3    2.2    0.7    2.6
   Apr  37.9  7.5  32.5   2.1    6.2   8.7    2.3    0.6    2.2
   Mar  38.0  8.2  32.3   2.3    6.7   7.8    2.1    0.3    2.5
   Feb  38.3  7.6  35.5   1.5    5.4   7.3    1.8    0.3    2.3
   Jan  37.8  6.5  35.5   1.9    5.1   7.9    2.3    0.4    2.5
   Dec  40.3  7.9  32.1   2.0    5.6   7.3    1.9    0.6    2.3
   Nov  40.8  7.8  32.3   2.0    5.6   7.1    1.6    0.6    2.2
   Oct  39.4  7.0  33.8   1.3    6.1   6.3    2.1    0.6    3.3


3. Quale è l'allocazione attuale del vostro portafoglio obbligazionario globale
nelle seguenti aree geografiche?
       US/        EURO   EMRG          ASIA         AFRICA/
       CAN   UK   ZONE   EUROPE JAPAN  EX-J  LATAM  M.EAST OTHERS
   Dec 23.7  5.0  56.0    0.9    6.4   2.0    1.6    0.6    4.4 
   Nov 23.6  4.6  56.3    1.3    6.1   2.0    1.6    0.4    4.1 
   Oct 23.6  3.7  56.5    1.2    5.9   1.2    1.5    0.5    5.8
   Sep 20.9  4.6  56.7    1.2    5.5   1.2    1.7    0.5    7.8
   Aug 20.8  5.4  56.7    1.2    4.1   1.2    1.7    0.5    8.4
(*)Jul 22.1  4.9  59.5    1.4    4.2   1.2    1.6    0.7    4.3
   Jun 26.6  2.5  57.6    1.4    5.0   1.0    2.0    0.7    3.5
   May 27.1  3.5  57.1    0.9    6.1   1.6    1.8    0.0    3.5
   Apr 22.3  3.4  59.0    0.7    7.5   1.3    1.8    0.2    3.9
   Mar 24.4  3.1  59.6    0.7    5.7   1.1    1.6    0.2    3.7
   Feb 24.3  3.2  59.7    0.8    5.6   1.3    1.5    0.0    3.7
   Jan 23.9  3.1  60.4    0.8    5.4   1.1    1.5    0.2    3.7
   Dec 24.0  3.0  59.9    1.2    5.3   1.0    1.4    0.2    4.0
   Nov 24.3  2.9  60.0    1.2    5.0   1.2    1.4    0.0    4.0
   Oct 24.5  2.9  60.2    1.2    5.1   1.2    1.3    0.0    3.6
   Sep 24.6  2.6  59.7    1.0    5.4   1.0    1.2    0.0    4.4
   Aug 24.7  2.6  60.1    1.0    5.5   1.0    1.2    0.0    3.9
   Jul 23.5  2.5  60.2    1.4    5.2   2.0    1.5    0.0    3.7
   Jun 23.7  2.7  59.0    1.5    5.3   2.4    1.7    0.0    3.7
   May 24.7  2.7  58.7    1.2    5.1   2.3    1.4    0.2    3.7
   Apr 26.1  2.9  55.1    1.8    5.8   2.5    1.9    0.4    3.6
   Mar 25.0  2.9  55.0    2.3    5.8   2.5    2.2    0.7    3.6
   Feb 23.8  3.7  54.1    2.3    6.7   2.5    2.6    0.7    3.6
   Jan 23.8  4.1  54.5    2.3    6.3   2.5    2.6    0.7    3.1
   Dec 24.8  4.9  53.7    2.2    7.0   2.1    2.6    0.6    3.0
   Nov 24.9  4.1  54.0    2.2    7.4   1.7    2.6    0.6    2.5
   Oct 24.5  4.2  54.4    2.2    7.3   1.7    2.7    0.6    2.5
   Sep 22.8  4.0  56.7    1.8    6.9   1.7    2.3    0.4    3.5
   Aug 22.1  3.9  58.8    2.4    6.4   1.1    1.8    0.2    3.3
   Jul 24.3  4.0  57.3    1.4    6.7   0.7    1.9    0.5    3.1
   Jun 24.5  4.1  57.8    1.4    6.6   0.6    1.8    0.5    2.7
   May 24.4  3.8  58.9    1.3    6.5   0.6    1.8    0.4    2.4
   Apr 23.9  3.7  59.4    1.2    6.5   0.6    1.7    0.4    2.7
   Mar 25.3  4.1  56.2    0.9    8.3   1.2    1.7    0.3    2.2
   Feb 23.3  4.0  58.7    1.4    7.9   1.2    1.8    0.3    1.6
   Jan 23.7  3.3  62.3    0.9    6.1   0.6    1.4    0.2    1.5
   Dec 23.9  3.6  61.3    0.9    6.6   0.6    1.4    0.2    1.6
   Nov 23.8  3.6  60.9    1.6    6.6   0.6    1.4    0.3    1.3
   Oct 25.0  3.8  58.3    1.6    6.8   0.6    1.4    0.2    2.3



4. Quale percentuale del vostro portafoglio obbligazionario è investito in
questi strumenti di debito?
         Government      Investment      High         Other
         Securities      Grade Corp      Yield        credit
   Dec      61.4           21.6          12.4          4.6
   Nov      61.4           21.6          12.4          4.6 
   Oct      59.6           23.5          11.5          5.3
   Sep      58.3           24.1          12.1          5.6
   Aug      57.0           24.9          12.6          5.6
   Jul      54.6           26.6          12.8          6.1
   Jun      54.6           23.8          16.0          5.6
   May      56.6           22.9          15.8          4.8
   Apr      57.4           22.8          16.4          3.4
   Mar      56.8           21.5          18.3          3.4
   Feb      57.4           21.5          17.8          3.4
   Jan      57.8           21.7          17.2          3.4
   Dec      55.4           23.6          17.3          4.1
   Nov      55.5           23.5          17.3          3.7
   Oct      56.9           23.5          16.4          3.2
   Sep      58.8           26.4          13.1          1.7
   Aug      60.6           26.5          11.3          1.7
   Jul      59.2           25.4          10.0          5.4
   Jun      58.4           25.4          10.8          5.4
   May      58.0           25.9          11.4          4.6
   Apr      55.6           28.4          12.7          3.4
   Mar      55.3           28.4          12.0          4.4
   Feb      57.0           26.5          11.4          5.1
   Jan      56.5           27.4          10.6          5.5
   Dec      56.5           28.7          10.0          4.9
   Nov      58.0           28.7           9.3          4.1
   Oct      59.2           27.8           8.9          4.1
   Sep      62.5           26.8           7.9          2.9
   Aug      59.9           29.0           8.1          3.1
   Jul      66.0           23.9           7.2          2.9
   Jun      66.2           23.2           6.6          3.9
   May      66.0           22.8           7.1          4.2
   Apr      66.1           22.5           7.1          4.3
   Mar      61.6           23.5           9.5          5.4
   Feb      67.7           20.9           7.4          4.0
   Jan      69.9           21.5           7.5          1.1
   Dec      67.5           19.3           9.0          4.2
   Nov      68.8           18.0           9.0          4.2
   Oct      68.8           20.3           9.4          1.5


5. In una scala da -3 a +3, il vostro portafoglio è in sottopeso, sovrappeso o
neutrale sulle seguenti classi di attivi?
       EQUITIES     BONDS     CASH    PROPERTY  ALTERNATIVES
   Dec    +0.4      -0.4      +0.4     -0.3      +0.3 
   Nov    +0.7      -0.4      +0.3     -0.1      +0.3 
   Oct    +0.7      -0.5      +0.3     -0.1      +0.2
   Sep    +0.8      -0.8      +0.3     -0.2      +0.3
   Aug    +0.8      -0.8      +0.3     -0.2      +0.3
(*)Jul    +0.6      -0.9      +0.4     -0.1      +0.3
   Jun    +0.8      -0.8      +0.3     -0.2      +0.3
   May    +0.7      -1.0      +0.3     -0.1      +0.2
   Apr    +0.6      -1.0      +0.5     -0.1      +0.2
   Mar    +0.4      -1.0      +0.6     -0.3      +0.2
   Feb    +0.5      -1.0      +0.5     -0.3      +0.2
   Jan    +0.6      -1.1      +0.5     -0.3      +0.2
   Dec    +0.3      -0.8      +0.4     -0.3      +0.2
   Nov    +0.3      -0.8      +0.4     -0.3      +0.2
   Oct    +0.3      -0.8      +0.4     -0.3      +0.1
   Sep    +0.5      -0.8      +0.3     -0.3      -0.1
   Aug    +0.5      -0.9      +0.4     -0.3      -0.1
   Jul    +0.8      -0.8      +0.2     -0.5      +0.3
   Jun    +0.7      -0.8      +0.3     -0.5      +0.3
   May    +1.0      -0.8      -0.3     -0.4      +0.3
   Apr    +0.8      -0.8      -0.1     -0.2      +0.2
   Mar    +0.8      -0.5      -0.2     -0.2      +0.2
   Feb    +0.9      -0.3      -0.4     +0.1      +0.1
   Jan    +0.7      -0.2      -0.1     -0.2      -0.2
   Dec    +0.7      -0.4       0.0     -0.1      -0.1
   Nov    +0.5      -0.3      -0.2     -0.2       0.0
   Oct    +0.6      -0.5      -0.2     -0.2      +0.1
   Sep    +0.4      -0.4      -0.1     -0.3      +0.1
   Aug     0.0      -0.2      +0.1     -0.1      +0.2
   Jul     0.0      -0.3      +0.3     -0.1       0.0
   Jun    +0.3      -0.5       0.0     -0.1      +0.2
   May     0.0      -0.1      +0.1     +0.1      -0.1
   Apr     0.0      +0.1       0.0     -0.1      -0.1
   Mar    +0.1       0.0       0.0      0.0      +0.1
   Feb    +0.3      -0.4      +0.1      0.0      +0.1
   Jan    +0.2      -0.3      +0.5      0.0      -0.2
   Dec    +0.2      -0.4      +0.4     -0.2       0.0
   Nov    +0.1      -0.3      +0.2      0.0       0.0
   Oct    -0.2      -0.7      +0.8      0.0      +0.2


6. STOCK SECTOR WEIGHTING (i numeri in parentesi indicano il numero di risposte)

MAGGIORI SOTTOPESI - Energy (2), Materials (2), Consumer discretionary (2),
Utilities (2), Consumer Staples (1), Industrials (1), Financials (1).

MAGGIORI SOVRAPPESI - Financials (4), Consumer discretionary (3), Healthcare
(1), Energy (1).


7. GLOBAL BOND WEIGHTING (i numeri in parentesi indicano il numero di risposte)

MAGGIORI SOTTOPESI - JGBs (4), U.S. Treasuries (4), Eurozone (Gov't) (1),
Emerging Asia (Gov't) (1), Emerging Europe (Gov't) (1).

MAGGIORI SOVRAPPESI - Eurozone (Gov't) (9), Corporates (1)

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