July 29, 2016 / 5:05 AM / a year ago

TABLE-Reuters Asset Allocation Table (China) July 2016

(For accompanying report, click )
    SHANGHAI, July 29 (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             75           0            25
 B             80           0            20
 C             85           0            15
 D             55           25           20
 E             75           20           5
 F             85           0            15
 G             70           0            30
 H             85           0            15
 AVG           76.3         5.6          18.1
        
    2) Monthly average recommendations for asset allocation in the next three months.
         July    June  May    Apr  Mar   Feb   Jun   Dec   Nov   Oct    Sept  Aug    July
                                               2015                                  
 STOCKS  76.3    76.9  71.9  69.4  71.3  71.9  75.0  75.0  69.4  68.1   65.0  66.3   72.5
                                                                                       
 BONDS   5.6     6.3   7.5   6.3   12.5  10.6  12.5  12.5  14.4  13.8   15.6  14.4   9.4
 CASH    18.1    16.9  20.6  24.4  16.3  17.5  12.5  12.5  16.3  18.1   19.4  19.4   18.1
 
    3) Expected changes to asset allocation over the next month.
     STOCKS       BONDS       CASH 
 A   REDUCED      UNCHANGED   RAISE
 B   UNCHANGED    UNCHANGED   UNCHANGED
 C   REDUCED      UNCHANGED   RAISE
 D   RAISE        REDUCED     UNCHANGED
 E   RAISE        UNCHANGED   REDUCED
 F   UNCHANGED    UNCHANGED   UNCHANGED
 G   REDUCED      UNCHANGED   RAISE
 H   REDUCED      UNCHANGED   RAISE
 
   4) Forecasts for Shanghai Composite Index         three months from now (it closed at
2,994.32 points on July 28). Where participants have given a range for their forecasts,
the average of their range is used to calculate the overall average.     
 FUND    
 A       2,800-3,200 
 B       2,600-3,100 
 C       3,000-3,100 
 D       2,800-3,200 
 E       3,100  
 F       3,000  
 G       2,800-3,100
    
    
   5) Suggested equity allocation over the next month by sector.
                             A    B    C    D   E    F   G   H
 AUTOS                       10   5    5    10  10   0   0   0
 CONSUMER NON-DURABLES       15   30   30   20  20   30  40  60
 ELECTRONICS & TECHNOLOGY    45   5    20   15  5    0   0   40
 FINANCIAL SERVICES          0    20   10   5   20   35  10  0
 METALS & METAL PRODUCTS     0    0    5    5   5    15  0   0
 REAL ESTATE                 0    5    5    5   5    15  20  0
 TRANSPORT & INFRASTRUCTURE  0    10   5    10  10   0   10  0
 ENERGY                      0    10   5    5   10   5   0   0
 MACHINERY                   10   0    0    10  10   0   20  0
 OTHER                       20   15   15   15  5    0   0   0
 
 6) Monthly average forecasts for equity allocations in the next three months (percent)   
            July    June    May     Apr    Mar   Feb   Jun    Dec   Nov   Oct   Sept  Aug
                                                       2015                           
                                                                                      
 AUTOS      5.0     6.3     5.6     4.4    4.4   2.5   5.0    1.9   3.1   3.1   3.1   3.8
 CONSUMER   30.6    31.3    30.0    33.1   30.6  31.9  27.5   27.5  23.8  23.8  23.8  18.8
 ELEC/TECH  16.3    18.8    18.1    16.3   16.3  18.8  20.0   23.8  23.1  20.0  23.1  18.8
 FIN SERVS  12.5    12.5    16.3    15.0   15.0  13.8  15.6   14.4  15.0  15.0  13.1  16.3
 METAL/PRO  3.8     3.1     3.1     3.8    2.5   4.4   3.8    1.9   3.1   0     0.6   1.0
 D                                                                                    
 PROPERTY   6.9     4.4     5.0     7.5    6.3   6.3   5.6    8.1   10.0  10.0  7.5   8.1
 TRANSPORT  5.6     5.6     5.0     6.3    7.5   6.3   6.3    7.5   5.6   10.0  11.9  11.9
 ENERGY     4.4     4.4     4.4     2.5    3.8   2.5   2.5    3.1   3.1   3.8   3.8   3.1
 MACHINERY  6.3     6.9     6.3     6.9    6.3   5.0   7.5    8.8   8.1   11.0  8.1   9.4
 OTHER      8.8     6.9     6.3     4.4    7.5   8.8   5.6    3.1   4.4   3.34  6.3   8.1
 

 (Reporting by David Lin,Liu Luoyan and John Ruwitch; Editing by Jacqueline Wong)

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