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TABLE-Reuters Asset Allocation Table (China) Sept 2016
September 30, 2016 / 5:05 AM / 10 months ago

TABLE-Reuters Asset Allocation Table (China) Sept 2016

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(For accompanying report, click )
    SHANGHAI, Sept 30 (Reuters) - The following table shows suggested domestic asset
allocations and market outlook provided by eight China-based funds surveyed for a monthly
Reuters poll.
For accompanying news, click 
    
    Below are some details of the poll.  
    
    1) Suggested asset allocations by eight fund management companies over the next three
months (in percent). The funds declined to be identified for their individual forecasts.
Totals may not add up to exactly 100 percent due to rounding.
 FUND          STOCKS       BONDS        CASH
 A             70           0            30
 B             70           0            30
 C             60           30           10
 D             30           0            70
 E             50           30           20
 F             95           0            5
 G             85           0            15
 H             85           0            15
 AVG           68.1         7.5          24.4
        
    2) Monthly average recommendations for asset allocation in the next three months.
         Sept   Aug     July    June  May    Apr  Mar   Feb   Jan   Dec   Nov   Oct    Sept
                                                                    2015               
 STOCKS  68.1   71.9    76.3    76.9  71.9  69.4  71.3  71.9  75.0  75.0  69.4  68.1   65.0
                                                                                       
 BONDS   7.5    8.8     5.6     6.3   7.5   6.3   12.5  10.6  12.5  12.5  14.4  13.8   15.6
 CASH    24.4   19.4    18.1    16.9  20.6  24.4  16.3  17.5  12.5  12.5  16.3  18.1   19.4
 
    3) Expected changes to asset allocation over the next month.
     STOCKS       BONDS       CASH 
 A   UNCHANGED    UNCHANGED   UNCHANGED
 B   UNCHANGED    UNCHANGED   UNCHANGED
 C   REDUCED      UNCHANGED   RAISE
 D   UNCHANGED    UNCHANGED   UNCHANGED
 E   REDUCED      UNCHANGED   RAISE 
 F   UNCHANGED    UNCHANGED   UNCHANGED
 G   UNCHANGED    UNCHANGED   UNCHANGED
 H   REDUCED      UNCHANGED   RAISE 
 
   4) Forecasts for Shanghai Composite Index         three months from now (it closed at
2,998.48 points on Sept 29). Where participants have given a range for their forecasts, the
average of their range is used to calculate the overall average.     
 FUND    
 A       3,000
 B       2,800-3,300
 C       2,800-3,200 
 D       3,000  
 E       2,900-3,300 
 F       3,000  
 G       2,900-3,200
        
   5) Suggested equity allocation over the next month by sector.
                             A    B    C    D   E    F   G   H
 AUTOS                       5    5    10   10  0    0   0   5
 CONSUMER NON-DURABLES       30   20   20   20  25   60  30  40
 ELECTRONICS & TECHNOLOGY    5    50   5    15  10   40  0   20
 FINANCIAL SERVICES          20   0    30   5   30   0   35  5
 METALS & METAL PRODUCTS     0    0    5    5   0    0   10  5
 REAL ESTATE                 5    0    10   5   0    0   15  5
 TRANSPORT & INFRASTRUCTURE  10   0    5    10  10   0   0   5
 ENERGY                      10   0    5    5   0    0   10  0
 MACHINERY                   0    10   10   10  10   0   0   5
 OTHER                       15   15   0    15  15   0   0   10
 
 6) Monthly average forecasts for equity allocations in the next three months (percent)    
            Sept    Aug   July    June    May     Apr    Mar   Feb   Jan    Dec   Nov   Oct
                                                                            2015        
 AUTOS      4.4     7.5   5.0     6.3     5.6     4.4    4.4   2.5   5.0    1.9   3.1   3.1
 CONSUMER   30.6    31.9  30.6    31.3    30.0    33.1   30.6  31.9  27.5   27.5  23.8  23.8
 ELEC/TECH  18.1    17.5  16.3    18.8    18.1    16.3   16.3  18.8  20.0   23.8  23.1  20.0
 FIN SERVS  15.6    11.9  12.5    12.5    16.3    15.0   15.0  13.8  15.6   14.4  15.0  15.0
 METAL/PRO  3.1     3.1   3.8     3.1     3.1     3.8    2.5   4.4   3.8    1.9   3.1   0
 D                                                                                      
 PROPERTY   5.0     5.0   6.9     4.4     5.0     7.5    6.3   6.3   5.6    8.1   10.0  10.0
 TRANSPORT  5.0     5.0   5.6     5.6     5.0     6.3    7.5   6.3   6.3    7.5   5.6   10.0
 ENERGY     3.8     3.8   4.4     4.4     4.4     2.5    3.8   2.5   2.5    3.1   3.1   3.8
 MACHINERY  5.6     5.6   6.3     6.9     6.3     6.9    6.3   5.0   7.5    8.8   8.1   11.0
 OTHER      8.8     8.8   8.8     6.9     6.3     4.4    7.5   8.8   5.6    3.1   4.4   3.34
 

 (Reporting by David Lin, Luoyan Liu and Samuel Shen; Editing by Vyas Mohan)

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