June 29, 2018 / 5:02 AM / 5 months ago

TABLE-Reuters Asset Allocation Table (China) June 2018

 (For accompanying report, click)
    SHANGHAI, June 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
    
    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            70           25           5
 C            50           30           20
 D            65           30           5
 E            80           10           10
 F            65           0            35
 G            40           30           30
 H            60           0            40
 AVG          65.0         15.6         19.4
           
    2) Monthly average recommendations for asset allocation in the next three months.
         June    May     April   March  Feb    Jan     Dec     Nov    Oct   Sept    Aug     July    June
 STOCKS  65.0    70.6    69.4    70.0   76.3   76.9    71.9    79.4   78.8  73.8    76.9    75.0    76.3
 BONDS   15.6    10.6    13.1    8.8    8.8    6.9     6.9     5.6    8.1   10.0    10.0    10.0    10.6
 CASH    19.4    18.8    17.5    21.3   15.0   16.3    21.3    15.0   13.1  16.3    13.1    15.0    13.1
 
    3) Expected changes to asset allocation over the next month.
     STOCKS     BONDS       CASH     
 A   UNCHANGED  UNCHANGED   UNCHANGED
 B   CUT        RAISE       CUT
 C   UNCHANGED  UNCHANGED   UNCHANGED
 D   RAISE      UNCHANGED   CUT
 E   UNCHANGED  UNCHANGED   UNCHANGED
 F   UNCHANGED  UNCHANGED   UNCHANGED
 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         3,000
 B         3,000
 C         2,600-3,200
 D         2,800-3,500
 E         3,200
 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    2     5    0     0     10    0
 CONSUMER NON-DURABLES       60    40   16    10   30    50    60    60
 ELECTRONICS & TECHNOLOGY    0     20   3     5    10    10    5     30
 FINANCIAL SERVICES          0     5    20    25   30    10    5     0
 METALS & METAL PRODUCTS     0     0    2     5    0     0     5     0
 REAL ESTATE                 0     15   7     10   10    10    2     0
 TRANSPORT & INFRASTRUCTURE  10    0    5     5    0     0     3     0
 ENERGY                      0     0    10    5    20    0     6     0
 MACHINERY                   10    5    2     15   0     0     2     10
 OTHER                       20    15   33    15   0     20    2     0
 
 6) Monthly average forecasts for equity allocations in the next three months (in percent)    
             June        May      April     March    Feb      Jan      Dec      Nov    Oct     Sept    Aug     July
 AUTOS       2.1         5.9      3.3       1.6      2.0      2.9      3.1      2.9    4.8     6.3     3.5     4.0
 CONSUMER    40.8        31.9     31.3      29.6     28.1     27.9     32.9     30.0   30.1    24.5    25.6    25.8
 ELEC/TECH   10.4        12.9     13.9      16.3     15.9     12.8     20.0     24.5   23.3    21.3    23.8    22.1
 FIN SERVS   11.9        11.5     14.0      15.0     18.8     21.9     17.8     21.4   15.0    17.4    15.8    15.8
 METAL/PROD  1.5         2.1      4.1       4.6      5.9      5.9      5.0      6.3    5.0     5.6     8.8     7.6
 PROPERTY    6.8         6.9      7.9       6.9      7.5      10.3     6.9      3.8    6.3     5.8     4.0     4.4
 TRANSPORT   2.9         3.8      2.5       2.5      3.1      3.1      1.9      1.3    2.5     4.0     6.0     5.4
 ENERGY      5.1         5.6      6.3       5.0      6.3      5.6      5.0      1.9    4.4     5.6     5.0     5.0
 MACHINERY   5.5         6.3      5.4       4.4      5.0      5.0      3.8      5.0    5.0     6.3     4.4     5.1
 OTHER       13.1        13.3     11.5      14.1     7.5      4.8      3.8      3.1    3.8     3.4     3.3     4.9
 
 (Reporting by David Lin, Luoyan Liu and John Ruwitch; Editing by Gopakumar Warrier)
  
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