Delegates were presented with a choice across nine asset classes, encompassing the major equity and fixed income markets, as well as property and absolute return.
Asked to pick the one asset class which they are most likely to increase weighting to this year, 30% picked European equities with a further 22% saying they would up their holdings in emerging market equities and debt.
Of other developed markets, 19% chose Japanese equities, and just 4% each said they would allocate more to UK and US equities.
Asked the reverse question as to which asset class they would most likely decrease their weighting to this year, 31% said they would cut US equities, followed by 24% turning negative on sovereign bonds.
10% said they would cut domestic UK equity exposure, with a further 7% each choosing Japan and European equities, property and corporate bonds.
Despite concerns about overvalued equity markets, just 11% said they would be increasing their exposure to absolute return funds this year, while 3% are looking to cut exposure to such strategies.
