The poll of 12 fund management firms was conducted between March 12 and March 28.
Within equity portfolios, the largest declines came in euro zone stocks, which fell from 15.2 percent of stock portfolios to 14.7 percent. The largest gain came among U.S. and Canadian companies, which ticked up to 67.2 percent of assets, the highest level since November.
Model bond portfolios were static, although average recommended allocations to sovereign debt rose to its highest in six months while allocations to high-yielding bonds fell.