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TABLE-Reuters Asset Allocation Table (China) March 2017
March 31, 2017 / 5:02 AM / 5 months ago

TABLE-Reuters Asset Allocation Table (China) March 2017

 (For accompanying report, click             )
    SHANGHAI, March 31 (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
    
    Following 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            90           0            10
 B            80           0            20
 C            80           10           10
 D            85           0            15
 E            65           20           15
 F            95           0            5
 G            70           30           0
 H            70           0            30
 AVG          79.4         7.5          13.1
           
    2) Monthly average recommendations for asset allocation in the next three months.
         Mar     Feb     Jan     Dec    Nov     Oct    Sept    Aug     July  June  May    Apr  Mar   Feb  
                                                                                                     
 STOCKS  79.4    81.9    82.1    78.1   76.9    72.5   68.1    71.9    76.3  76.9  71.9  69.4  71.3  71.9
 BONDS   7.5     6.3     5.0     6.3    3.8     11.3   7.5     8.8     5.6   6.3   7.5   6.3   12.5  10.6
 CASH    13.1    11.9    12.9    15.6   19.4    16.3   24.4    19.4    18.1  16.9  20.6  24.4  16.3  17.5
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   UNCHANGED  UNCHANGED   UNCHANGED
 B   UNCHANGED  UNCHANGED   UNCHANGED
 C   RAISE      REDUCE      UNCHANGED 
 D   UNCHANGED  UNCHANGED   UNCHANGED 
 E   UNCHANGED  UNCHANGED   UNCHANGED 
 F   UNCHANGED  UNCHANGED   UNCHANGED 
 G   RAISE      UNCHANGED   REDUCE 
 H   REDUCE     UNCHANGED   UNCHANGED
 
   4) Forecasts for Shanghai Composite Index (the index closed down 1 percent at 3,210.24 on March
30) three months from now. Participants have given a range for their forecasts, the average of their range
is used to calculate the overall average.     
 FUND    
 A       3,150-3,400
 B       3,000-3,400
 C       3,400  
 D       3,000-3,500 
 E       2,900-3,200 
 F       3,300-3,500
 G       3,200
        
   5) Suggested equity allocation over the next month by sector.
                             A     B    C     D    E     F     G     H 
 AUTOS                       5     5    15    0    5     0     5     10
 CONSUMER NON-DURABLES       20    30   20    40   20    60    30    40
 ELECTRONICS & TECHNOLOGY    55    5    5     0    15    40    40    10
 FINANCIAL SERVICES          0     20   15    40   15    0     10    0
 METALS & METAL PRODUCTS     0     0    0     10   5     0     0     10
 REAL ESTATE                 0     10   0     0    5     0     5     0
 TRANSPORT & INFRASTRUCTURE  0     10   25    0    10    0     5     10
 ENERGY                      0     5    0     10   5     0     0     5
 MACHINERY                   10    0    10    0    10    0     5     10
 OTHER                       10    15   10    0    10    0     0     5
 
 6) Monthly average forecasts for equity allocations in the next three months (percent)    
             Mar   Feb   Jan   Dec   Nov    Oct  Sept  Aug   July   June  May    Apr    Mar
 AUTOS       5.6   4.4   4.3   3.8   2.5   5.3   4.4   7.5   5.0    6.3   5.6    4.4    4.4
 CONSUMER    32.5  29.4  30.7  31.9  29.4  29.1  30.6  31.9  30.6   31.3  30.0   33.1   30.6
 ELEC/TECH   21.3  16.9  21.4  17.5  18.1  17.5  18.1  17.5  16.3   18.8  18.1   16.3   16.3
 FIN SERVS   12.5  16.3  15.7  14.4  20.6  18.1  15.6  11.9  12.5   12.5  16.3   15.0   15.0
 METAL/PROD  3.1   6.3   2.9   3.8   3.1   2.5   3.1   3.1   3.8    3.1   3.1    3.8    2.5
 PROPERTY    2.5   1.9   2.9   2.5   3.8   4.4   5.0   5.0   6.9    4.4   5.0    7.5    6.3
 TRANSPORT   7.5   6.9   5.0   6.3   5.6   5.0   5.0   5.0   5.6    5.6   5.0    6.3    7.5
 ENERGY      3.1   5.0   6.4   6.3   3.8   4.4   3.8   3.8   4.4    4.4   4.4    2.5    3.8
 MACHINERY   5.6   8.1   5.0   8.1   5.6   5.6   5.6   5.6   6.3    6.9   6.3    6.9    6.3
 OTHER       6.3   5.0   5.7   5.6   7.5   8.1   8.8   8.8   8.8    6.9   6.3    4.4    7.5
 
 (Reporting by David Lin, Samuel Shen and John Ruwitch; Editing by Amrutha Gayathri)
  

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