August 31, 2018 / 5:00 AM / a month ago

TABLE-Reuters Asset Allocation Table (China) Aug 2018

 (For accompanying report, click)
    SHANGHAI, Aug 31 (Reuters) -    The following table shows suggested domestic asset allocations and market outlook
provided by eight China-based funds surveyed in 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            80           10           10
 B            50           30           20
 C            50           30           20
 D            90           0            10
 E            60           10           30
 F            75           0            25
 G            60           0            40
 H            70           0            30
 AVG          66.9         10.0         23.1
           
    2) Monthly average recommendations for asset allocation in the next three months.
         Aug     July    June    May     April  March  Feb     Jan     Dec    Nov   Oct     Sept    Aug
 STOCKS  66.9    66.9    65.0    70.6    69.4   70.0   76.3    76.9    71.9   79.4  78.8    73.8    76.9
 BONDS   10.0    14.4    15.6    10.6    13.1   8.8    8.8     6.9     6.9    5.6   8.1     10.0    10.0
 CASH    23.1    18.8    19.4    18.8    17.5   21.3   15.0    16.3    21.3   15.0  13.1    16.3    13.1
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   UNCHANGED  UNCHANGED   UNCHANGED
 B   RAISE      UNCHANGED   CUT
 C   UNCHANGED  UNCHANGED   UNCHANGED
 D   UNCHANGED  UNCHANGED   UNCHANGED
 E   CUT        CUT         RAISE
 F   RAISE      UNCHANGED   CUT
 G   UNCHANGED  UNCHANGED   UNCHANGED
 H   CUT        UNCHANGED   RAISE
 
   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         2,800
 B         3,000
 C         2,600-3,200
 D         2,600-3,000
 E         2,700-2,800
 F         2,900-3,300
 G         2,600-2,900
        
   5) Suggested equity allocation over the next month by sector.
                             A     B    C     D    E     F     G     H 
 AUTOS                       0     0    0     0    5     0     0     0
 CONSUMER NON-DURABLES       30    50   10    40   10    50    60    10
 ELECTRONICS & TECHNOLOGY    10    0    3     30   5     10    30    30
 FINANCIAL SERVICES          40    0    20    10   20    20    0     15
 METALS & METAL PRODUCTS     0     0    3     0    5     0     0     0
 REAL ESTATE                 10    0    9     5    10    10    0     0
 TRANSPORT & INFRASTRUCTURE  0     40   5     0    5     0     0     10
 ENERGY                      10    0    15    0    5     0     0     0
 MACHINERY                   0     0    2     5    15    0     10    5
 OTHER                       0     10   33    10   20    10    0     30
 
 6) Monthly average forecasts for equity allocations in the next three months (in percent)    
             Aug      July        June        May      April     March    Feb      Jan      Dec      Nov    Oct     Sept
 AUTOS       0.6      3.1         2.1         5.9      3.3       1.6      2.0      2.9      3.1      2.9    4.8     6.3
 CONSUMER    32.5     34.4        40.8        31.9     31.3      29.6     28.1     27.9     32.9     30.0   30.1    24.5
 ELEC/TECH   14.8     11.3        10.4        12.9     13.9      16.3     15.9     12.8     20.0     24.5   23.3    21.3
 FIN SERVS   15.6     18.1        11.9        11.5     14.0      15.0     18.8     21.9     17.8     21.4   15.0    17.4
 METAL/PROD  1.0      2.5         1.5         2.1      4.1       4.6      5.9      5.9      5.0      6.3    5.0     5.6
 PROPERTY    5.5      6.9         6.8         6.9      7.9       6.9      7.5      10.3     6.9      3.8    6.3     5.8
 TRANSPORT   7.5      3.1         2.9         3.8      2.5       2.5      3.1      3.1      1.9      1.3    2.5     4.0
 ENERGY      3.8      4.4         5.1         5.6      6.3       5.0      6.3      5.6      5.0      1.9    4.4     5.6
 MACHINERY   4.6      6.3         5.5         6.3      5.4       4.4      5.0      5.0      3.8      5.0    5.0     6.3
 OTHER       14.1     10.0        13.1        13.3     11.5      14.1     7.5      4.8      3.8      3.1    3.8     3.4
 
 (Reporting by David Lin, Luoyan Liu and John Ruwitch; Editing by)
  
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