Suggestions on asset allocation of major categories from April to June:
Equity: reduce the tactical allocation of equity to [standard allocation], the investment value of broad-based index decreases rapidly, and the investment value of medium cap stocks decreases more than that of large cap stocks. On the sector, maintain the cycle [high configuration]; Reduce the financial to [standard configuration or high configuration]; Reduce consumption and growth to [standard configuration].
Bonds: reduce interest rate bonds to [standard allocation or low allocation], maintain high rated credit bonds [standard allocation or low allocation], and increase convertible bonds to [standard allocation or low allocation].
Commodity: maintain [low allocation] industrial products and reduce Shenzhen Agricultural Products Group Co.Ltd(000061) to [low allocation]. Long RMB exchange rate: [low allocation].
Risk indication: the mortality of covid-19 virus increased again; The economic growth rate fell faster than expected; Monetary policy tightened more than expected
