sentiment survey 2013 q2 madrid

The voting results from fund selectors in Madrid, in June 2013

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1.)  What is your broad macroeconomic outlook?  
Positive 36%
Uncertain 36%
Negative 29%
   
2.)  Re Global Emerging Market Equities, over the next 12 months do you expect to:  
Increase your weighting 44%
Keep it the same / uncertain 38%
Decrease your weighting 19%
We don’t use this asset class 0%
   
3.)  Re Developed European Equities, over the next 12 months do you expect to:  
Increase your weighting 54%
Keep it the same / uncertain 46%
Decrease your weighting 0%
We don’t use this asset class 0%
   
4.)  Re UK Equities, over the next 12 months do you expect to:  
Increase your weighting 31%
Keep it the same / uncertain 38%
Decrease your weighting 25%
We don’t use this asset class 6%
   
5.)  Re US Equities, over the next 12 months do you expect to:  
Increase your weighting 44%
Keep it the same / uncertain 31%
Decrease your weighting 25%
We don’t use this asset class 0%
   
6.)  Re Asian Equities, over the next 12 months do you expect to:  
Increase your weighting 24%
Keep it the same / uncertain 41%
Decrease your weighting 24%
We don’t use this asset class 12%
   
7.)  Re Japanese Equities, over the next 12 months do you expect to:  
Increase your weighting 21%
Keep it the same / uncertain 21%
Decrease your weighting 29%
We don’t use this asset class 29%
   
8.)  Re Developed Market Government Bonds, over the next 12 months do you expect to:  
Increase your weighting 7%
Keep it the same / uncertain 21%
Decrease your weighting 71%
We don’t use this asset class 0%
   
9.)  Re Developed Market Corporate Bonds, over the next 12 months do you expect to:  
Increase your weighting 12%
Keep it the same / uncertain 24%
Decrease your weighting 59%
We don’t use this asset class 6%
   
10.)  Re Developed Market High-yield Bonds, over the next 12 months do you expect to:  
Increase your weighting 6%
Keep it the same / uncertain 35%
Decrease your weighting 53%
We don’t use this asset class 6%
   
11.)  Re Emerging Market Government Bonds, over the next 12 months do you expect to:  
Increase your weighting 13%
Keep it the same / uncertain 40%
Decrease your weighting 27%
We don’t use this asset class 20%
   
12.)  Re Emerging Market Corporate Bonds, over the next 12 months do you expect to:  
Increase your weighting 20%
Keep it the same / uncertain 47%
Decrease your weighting 0%
We don’t use this asset class 33%
   
13.)  Is the current government competent to manage the economy?  
Yes 20%
No 80%
   
14.)  What will be  the fate of the euro?  
It will not exist in 2 years 0%
It will not exist in 10 years 0%
It will continue 100%
   
15.)  What should happen  to the euro?  
It should stay as it is 63%
The fiscally strong states should form a separate union 13%
We should go back to one country, one currency 25%
   
16.)  Which is the greater threat?  
Inflation 57%
Deflation 43%
   
17.) When will inflation be a danger?  
In 1 year 19%
In 3 years 63%
In 5 years or more 19%
   
18.)  When will deflation be a danger?  
In 1 year 83%
In 3 years 17%
In 5 years or more 0%
   
19.)  Re Gold, over the next 12 months do you expect to:  
Increase your weighting 0%
Keep it the same / uncertain 7%
Decrease your weighting 20%
We don’t use this asset class 73%
   
20.)  Re Gold price, are you a:  
Bull 7%
Undecided/Neither 50%
Bear 43%

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