July 31, 2018 / 5:00 AM / 5 months ago

TABLE-Reuters Asset Allocation Table (China) July 2018

 (For accompanying report, click)
    SHANGHAI, July 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            80           0            20
 B            90           0            10
 C            70           25           5
 D            40           40           20
 E            75           0            25
 F            40           40           20
 G            60           0            40
 H            80           10           10
 AVG          66.9         14.4         18.8
           
    2) Monthly average recommendations for asset allocation in the next three months.
         July    June    May     April  March  Feb     Jan     Dec    Nov   Oct     Sept    Aug     July
 STOCKS  66.9    65.0    70.6    69.4   70.0   76.3    76.9    71.9   79.4  78.8    73.8    76.9    75.0
 BONDS   14.4    15.6    10.6    13.1   8.8    8.8     6.9     6.9    5.6   8.1     10.0    10.0    10.0
 CASH    18.8    19.4    18.8    17.5   21.3   15.0    16.3    21.3   15.0  13.1    16.3    13.1    15.0
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   RAISE      CUT         UNCHANGED
 B   UNCHANGED  UNCHANGED   UNCHANGED
 C   RAISE      CUT         UNCHANGED
 D   RAISE      CUT         UNCHANGED
 E   RAISE      UNCHANGED   CUT
 F   RAISE      UNCHANGED   CUT
 G   UNCHANGED  UNCHANGED   UNCHANGED
 H   UNCHANGED  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         2,600-3,200
 B         3,000
 C         2,800-3,300
 D         3,000
 E         3,000
 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    5     5    15    0     0     0
 CONSUMER NON-DURABLES       30    35   10    15   45    60    30    50
 ELECTRONICS & TECHNOLOGY    5     20   5     5    5     30    10    10
 FINANCIAL SERVICES          30    10   20    20   5     0     40    20
 METALS & METAL PRODUCTS     5     0    5     5    5     0     0     0
 REAL ESTATE                 0     15   10    5    5     0     10    10
 TRANSPORT & INFRASTRUCTURE  10    0    5     5    5     0     0     0
 ENERGY                      5     0    5     10   5     0     10    0
 MACHINERY                   10    5    15    5    5     10    0     0
 OTHER                       5     15   20    25   5     0     0     10
 
 6) Monthly average forecasts for equity allocations in the next three months (in percent)    
             July        June        May      April     March    Feb      Jan      Dec      Nov    Oct     Sept    Aug
 AUTOS       3.1         2.1         5.9      3.3       1.6      2.0      2.9      3.1      2.9    4.8     6.3     3.5
 CONSUMER    34.4        40.8        31.9     31.3      29.6     28.1     27.9     32.9     30.0   30.1    24.5    25.6
 ELEC/TECH   11.3        10.4        12.9     13.9      16.3     15.9     12.8     20.0     24.5   23.3    21.3    23.8
 FIN SERVS   18.1        11.9        11.5     14.0      15.0     18.8     21.9     17.8     21.4   15.0    17.4    15.8
 METAL/PROD  2.5         1.5         2.1      4.1       4.6      5.9      5.9      5.0      6.3    5.0     5.6     8.8
 PROPERTY    6.9         6.8         6.9      7.9       6.9      7.5      10.3     6.9      3.8    6.3     5.8     4.0
 TRANSPORT   3.1         2.9         3.8      2.5       2.5      3.1      3.1      1.9      1.3    2.5     4.0     6.0
 ENERGY      4.4         5.1         5.6      6.3       5.0      6.3      5.6      5.0      1.9    4.4     5.6     5.0
 MACHINERY   6.3         5.5         6.3      5.4       4.4      5.0      5.0      3.8      5.0    5.0     6.3     4.4
 OTHER       10.0        13.1        13.3     11.5      14.1     7.5      4.8      3.8      3.1    3.8     3.4     3.3
 
 (Reporting by David Lin, Luoyan Liu and John Ruwitch; Editing by Subhranshu Sahu)
  
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