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TABLE-Reuters Asset Allocation Table (China) August 2017
August 31, 2017 / 5:02 AM / 24 days ago

TABLE-Reuters Asset Allocation Table (China) August 2017

 (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 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            85           0            15
 C            65           0            35
 D            85           5            10
 E            45           40           15
 F            95           0            5
 G            65           25           10
 H            85           10           5
 AVG          76.9         10.0         13.1
           
    2) Monthly average recommendations for asset allocation in the next three months.
         Aug     July    June    May     Apr     Mar     Feb     Jan    Dec     Nov    Oct     Sept    Aug
 STOCKS  76.9    75.0    76.3    76.3    76.3    79.4    81.9    82.1   78.1    76.9   72.5    68.1    71.9
 BONDS   10.0    10.0    10.6    8.8     11.3    7.5     6.3     5.0    6.3     3.8    11.3    7.5     8.8
 CASH    13.1    15.0    13.1    15.0    12.5    13.1    11.9    12.9   15.6    19.4   16.3    24.4    19.4
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   RAISE      UNCHANGED   REDUCE
 B   UNCHANGED  UNCHANGED   UNCHANGED 
 C   REDUCE     UNCHANGED   RAISE
 D   UNCHANGED  UNCHANGED   UNCHANGED 
 E   UNCHANGED  UNCHANGED   UNCHANGED 
 F   UNCHANGED  UNCHANGED   UNCHANGED 
 G   RAISE      UNCHANGED   REDUCE
 H   RAISE      UNCHANGED   REDUCE
 
   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        3,200-3,500  
 B        3,300
 C        2,900-3,300  
 D        3,300
 E        2,900-3,300
 F        3,000-3,400
        
   5) Suggested equity allocation over the next month by sector.
                             A     B    C     D    E     F     G     H 
 AUTOS                       5     7    5     0    1     0     10    0
 CONSUMER NON-DURABLES       25    20   10    30   25    60    15    20
 ELECTRONICS & TECHNOLOGY    50    25   20    10   15    30    10    30
 FINANCIAL SERVICES          0     20   40    30   1     0     15    20
 METALS & METAL PRODUCTS     0     10   0     20   10    0     10    20
 REAL ESTATE                 0     5    10    0    2     0     5     10
 TRANSPORT & INFRASTRUCTURE  0     8    10    0    20    0     10    0
 ENERGY                      0     0    5     10   15    0     10    0
 MACHINERY                   0     5    0     0    10    10    10    0
 OTHER                       20    0    0     0    1     0     5     0
 
 6) Monthly average forecasts for equity allocations in the next three months (percent)    
             Aug     July     June    May     Apr   Mar   Feb   Jan   Dec   Nov    Oct  Sept
 AUTOS       3.5     4.0      5.6     3.8     5.0   5.6   4.4   4.3   3.8   2.5   5.3   4.4
 CONSUMER    25.6    25.8     26.9    24.4    27.5  32.5  29.4  30.7  31.9  29.4  29.1  30.6
 ELEC/TECH   23.8    22.1     25      25.0    23.8  21.3  16.9  21.4  17.5  18.1  17.5  18.1
 FIN SERVS   15.8    15.8     15      16.9    15.6  12.5  16.3  15.7  14.4  20.6  18.1  15.6
 METAL/PROD  8.8     7.6      2.5     1.9     3.8   3.1   6.3   2.9   3.8   3.1   2.5   3.1
 PROPERTY    4.0     4.4      3.1     2.5     3.1   2.5   1.9   2.9   2.5   3.8   4.4   5.0
 TRANSPORT   6.0     5.4      5.6     7.5     6.3   7.5   6.9   5.0   6.3   5.6   5.0   5.0
 ENERGY      5.0     5.0      5.0     5.0     4.4   3.1   5.0   6.4   6.3   3.8   4.4   3.8
 MACHINERY   4.4     5.1      6.9     6.9     5.6   5.6   8.1   5.0   8.1   5.6   5.6   5.6
 OTHER       3.3     4.9      4.4     6.3     5.0   6.3   5.0   5.7   5.6   7.5   8.1   8.8
 
 (Reporting by David Lin, Luoyan Liu and John Ruwitch; Editing by Jacqueline Wong)
  

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