MyPlanIQ’s SmartMoneyIQ Managers monitors 22 domestic and global allocation mutual funds’ asset allocation weekly. From the readings on Friday last week (5/18/2012), it showed that most managers did not alter their allocations dramatically.

Among them, GMO Benchmark Free Allocation might have reduced its allocation in the U.S. stocks: 

GMO Benchmark Free Allocation (GBMFX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 0 49.32 7.92 21.68 21.08
2012-05-04 0 46.55 12.09 21.63 19.73
2012-05-11 0 42.59 16.46 24.15 16.8
2012-05-18 0 53.78 10.44 25.21 10.57

 PIMCO All Asset might even have increased its risk allocation slightly:

PIMCO All Asset (PASDX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 0 16.39 56.17 19.06 8.38
2012-05-04 2.39 20.58 49.32 15.13 12.58
2012-05-11 -0 18.25 51.69 19.92 10.15
2012-05-18 0 26.74 41.09 29.05 3.12

However, PGMAX was very stable (the difference between international stocks and the US stocks might be due to its stock selections): 

PIMCO Global Multi-Asset (PGMAX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 22.67 0 33.42 25.36 18.55
2012-05-04 24.29 0.47 29.73 19.41 26.1
2012-05-11 19.14 0 33.74 26.46 20.65
2012-05-18 6.84 23.43 25.8 34.6 9.33

IVY Asset Strategy (WASYX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 0 0 15.64 32.14 52.22
2012-05-04 0 -0 23.29 35.67 41.04
2012-05-11 18.3 0 0 22.73 58.97
2012-05-18 0 0 15.34 28.87 55.79

Principal fund definitely increased its stock betas during the decline last week: 

Principal Global Diversified Income (PGBAX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 -0 84.65 0 5.28 10.07
2012-05-04 0 68.95 15.38 4.92 10.76
2012-05-11 0 61.58 23.47 11.01 3.93
2012-05-18 0 36.06 37.33 6.33 20.29
as Loomis Sayles fund: 

 

Loomis Sayles Global Markets (LSWWX)

Date IntlBond CASH USBond IntlStk USStk
2012-04-27 0 29.95 3.94 25.46 40.65
2012-05-04 0 26.95 10.86 26.88 35.31
2012-05-11 0 18.78 13.33 30.54 37.36
2012-05-18 -0 12.17 10.98 33.56 43.29    
All in all, it is a sanguine picture from smart money managers overall.