September 28, 2018 / 5:02 AM / 25 days ago

TABLE-Reuters Asset Allocation Table (China) Sept 2018

 (For accompanying report, click)
    SHANGHAI, Sept 28 (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            90           0            10
 B            50           20           30
 C            80           10           10
 D            75           0            25
 E            65           10           25
 F            75           0            25
 G            60           0            40
 H            85           0            15
 AVG          72.5         5.0          22.5
           
    2) Monthly average recommendations for asset allocation in the next three months.
         Sept    Aug     July    June    May     April  March  Feb     Jan     Dec    Nov   Oct     Sept
 STOCKS  72.5    66.9    66.9    65.0    70.6    69.4   70.0   76.3    76.9    71.9   79.4  78.8    73.8
 BONDS   5.0     10.0    14.4    15.6    10.6    13.1   8.8    8.8     6.9     6.9    5.6   8.1     10.0
 CASH    22.5    23.1    18.8    19.4    18.8    17.5   21.3   15.0    16.3    21.3   15.0  13.1    16.3
 
    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   RAISE      UNCHANGED   CUT
 E   RAISE      UNCHANGED   CUT
 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         2,800
 B         3,000
 C         2,900-3,300
 D         2,600-3,000
 E         2,600-2,900
 F         2,700
 G         2,800
        
   5) Suggested equity allocation over the next month by sector.
                             A     B    C     D    E     F     G     H 
 AUTOS                       30    5    0     0    5     0     0     0
 CONSUMER NON-DURABLES       40    25   30    50   10    15    60    30
 ELECTRONICS & TECHNOLOGY    0     40   10    10   10    1     30    10
 FINANCIAL SERVICES          0     5    40    20   30    30    0     15
 METALS & METAL PRODUCTS     0     0    0     0    2     3     0     0
 REAL ESTATE                 0     10   10    10   15    9     0     0
 TRANSPORT & INFRASTRUCTURE  30    0    0     0    3     4     0     20
 ENERGY                      0     0    10    0    5     18    0     10
 MACHINERY                   0     5    0     0    5     2     10    10
 OTHER                       0     10   0     10   15    18    0     5
 
 6) Monthly average forecasts for equity allocations in the next three months (in percent)    
             Sept    Aug      July     June     May      April     March    Feb      Jan      Dec      Nov    Oct
 AUTOS       5.0     0.6      3.1      2.1      5.9      3.3       1.6      2.0      2.9      3.1      2.9    4.8
 CONSUMER    32.5    32.5     34.4     40.8     31.9     31.3      29.6     28.1     27.9     32.9     30.0   30.1
 ELEC/TECH   13.9    14.8     11.3     10.4     12.9     13.9      16.3     15.9     12.8     20.0     24.5   23.3
 FIN SERVS   17.5    15.6     18.1     11.9     11.5     14.0      15.0     18.8     21.9     17.8     21.4   15.0
 METAL/PROD  0.6     1.0      2.5      1.5      2.1      4.1       4.6      5.9      5.9      5.0      6.3    5.0
 PROPERTY    6.8     5.5      6.9      6.8      6.9      7.9       6.9      7.5      10.3     6.9      3.8    6.3
 TRANSPORT   7.1     7.5      3.1      2.9      3.8      2.5       2.5      3.1      3.1      1.9      1.3    2.5
 ENERGY      5.4     3.8      4.4      5.1      5.6      6.3       5.0      6.3      5.6      5.0      1.9    4.4
 MACHINERY   4.0     4.6      6.3      5.5      6.3      5.4       4.4      5.0      5.0      3.8      5.0    5.0
 OTHER       7.3     14.1     10.0     13.1     13.3     11.5      14.1     7.5      4.8      3.8      3.1    3.8
 
 (Reporting by David Lin, Samuel Shen and John Ruwitch; Editing by Gopakumar Warrier)
  
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