May 31, 2017 / 5:02 AM / 2 months ago

TABLE-Reuters Asset Allocation Table (China) May 2017

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 (For accompanying report, click             )
    SHANGHAI, May 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            65           0            35
 B            65           20           15
 C            90           0            10
 D            70           20           10
 E            60           30           10
 F            95           0            5
 G            80           0            20
 H            85           0            15
 AVG          76.3         8.8          15.0
           
    2) Monthly average recommendations for asset allocation in the next three months.
         May     Apr     Mar     Feb     Jan    Dec     Nov    Oct     Sept    Aug   July  June  May    Apr
 STOCKS  76.3    76.3    79.4    81.9    82.1   78.1    76.9   72.5    68.1    71.9  76.3  76.9  71.9  69.4
 BONDS   8.8     11.3    7.5     6.3     5.0    6.3     3.8    11.3    7.5     8.8   5.6   6.3   7.5   6.3
 CASH    15.0    12.5    13.1    11.9    12.9   15.6    19.4   16.3    24.4    19.4  18.1  16.9  20.6  24.4
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   REDUCE     UNCHANGED   RAISE
 B   RAISE      UNCHANGED   REDUCE 
 C   UNCHANGED  UNCHANGED   UNCHANGED 
 D   REDUCE     UNCHANGED   RAISE 
 E   RAISE      UNCHANGED   REDUCE 
 F   UNCHANGED  UNCHANGED   UNCHANGED 
 G   REDUCE     UNCHANGED   RAISE  
 H   RAISE      UNCHANGED   UNCHANGED
 
   4) Forecasts for Shanghai Composite Index 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        2,900-3,300  
 B        3,000-3,300
 C        2,900-3,300  
 D        3,100  
 E        3,200-3,400
 F        2,900-3,200  
 G        3,100 
        
   5) Suggested equity allocation over the next month by sector.
                             A     B    C     D    E     F     G     H 
 AUTOS                       5     5    5     0    0     15    0     0
 CONSUMER NON-DURABLES       10    25   20    20   60    10    30    20
 ELECTRONICS & TECHNOLOGY    20    50   15    30   40    15    20    10
 FINANCIAL SERVICES          40    0    20    20   0     5     30    20
 METALS & METAL PRODUCTS     0     0    10    0    0     5     0     0
 REAL ESTATE                 10    0    5     0    0     5     0     0
 TRANSPORT & INFRASTRUCTURE  10    0    5     5    0     20    0     20
 ENERGY                      5     0    5     5    0     5     20    0
 MACHINERY                   0     0    10    20   0     15    0     10
 OTHER                       0     20   5     0    0     5     0     20
 
 6) Monthly average forecasts for equity allocations in the next three months (percent)    
             May     Apr   Mar   Feb   Jan   Dec   Nov    Oct  Sept  Aug   July   June
 AUTOS       3.8     5.0   5.6   4.4   4.3   3.8   2.5   5.3   4.4   7.5   5.0    6.3
 CONSUMER    24.4    27.5  32.5  29.4  30.7  31.9  29.4  29.1  30.6  31.9  30.6   31.3
 ELEC/TECH   25.0    23.8  21.3  16.9  21.4  17.5  18.1  17.5  18.1  17.5  16.3   18.8
 FIN SERVS   16.9    15.6  12.5  16.3  15.7  14.4  20.6  18.1  15.6  11.9  12.5   12.5
 METAL/PROD  1.9     3.8   3.1   6.3   2.9   3.8   3.1   2.5   3.1   3.1   3.8    3.1
 PROPERTY    2.5     3.1   2.5   1.9   2.9   2.5   3.8   4.4   5.0   5.0   6.9    4.4
 TRANSPORT   7.5     6.3   7.5   6.9   5.0   6.3   5.6   5.0   5.0   5.0   5.6    5.6
 ENERGY      5.0     4.4   3.1   5.0   6.4   6.3   3.8   4.4   3.8   3.8   4.4    4.4
 MACHINERY   6.9     5.6   5.6   8.1   5.0   8.1   5.6   5.6   5.6   5.6   6.3    6.9
 OTHER       6.3     5.0   6.3   5.0   5.7   5.6   7.5   8.1   8.8   8.8   8.8    6.9
 
 (Reporting by David Lin, Samuel Shen and John Ruwitch; Editing by Jacqueline Wong)
  

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