Asian institutional investors have continued to increase their allocations to equities despite the global economic turmoil, bucking the trend towards fixed income displayed by their de-risking counterparts in Europe and the US.

Asian institutions reported that their allocations to equities had doubled over the past two years, rising from an average of 13% in 2010 to 26% at the end of 2012, according to a survey by Greenwich Associates. Allocations to domestic equities rose from 5% to 10%, while international equity allocations also doubled, from 8% to 16%.