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June 30 - The following table shows suggested domestic asset allocations and market outlooks provided by nine China-based funds over the past few days in a monthly Reuters poll.
1; Suggested asset allocations by nine fund management companies over the next three months (in percent). The funds declined to be identified for their individual forecasts.
FUND STOCKS BONDS/BILLS CASH
A 75 10 15
B 80 0 20
C 90 0 10
D 70 5 25
E 85 10 5
F 75 20 5
G 70 20 10
H 85 5 10
I 80 10 10
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AVERAGE 78.9 8.9 12.2
2; Monthly average recommendations for asset allocations in the next three months.
July Aug Sept Oct Nov Dec Jan Feb March April May June EQUITIES 76.25 72.125 76.11 67.2 72.2 68.9 71.6 68.9 74.4 75.6 76.1 78.9 BILLS/BONDS 13.125 18.50 17.22 21.7 20.6 20.6 17.2 17.2 14.4 11.1 10.6 8.9 CASH 10.625 9.375 6.67 11.1 7.2 10.6 11.2 13.9 11.1 13.3 13.3 12.2
3; Expected changes to asset allocations over the next month.
STOCKS BONDS CASH
A reduce unchanged raise
B reduce unchanged raise
C unchanged unchanged unchanged
D unchanged unchanged unchanged
E raise reduce unchanged
F unchanged unchanged unchanged
G reduce raise raise
H raise reduce unchanged
I reduce raise unchanged
4; Suggested equity allocation over the next three months based on sector.
SECTOR FUND
A B C D E F G H I AVG AUTOS 6 0 3 0 2 4 6 3 5 3.2 CONSUMER NON-DURABLES 10 10 10 20 8 15 15 6 10 11.6 ELECTRONICS & TECHNOLOGY 6 0 2 5 5 8 3 3 5 4.1 FINANCIAL SERVICES 20 40 15 25 30 16 28 36 25 26.1 METALS & METAL PRODUCTS 12 0 8 20 13 3 8 8 10 9.1 REAL ESTATE 15 40 20 10 15 7 8 16 15 16.2 TRANSPORT&INFRASTRUCTURE 5 0 5 5 5 4 8 4 5 4.6 ENERGY 8 10 10 5 12 8 8 10 10 9.0 MACHINERY 3 0 10 10 5 12 10 8 5 7.0 OTHER 15 0 17 0 5 23 6 6 10 9.1
5; Monthly average forecasts for equity allocations in the next three months.
July Aug Sept Oct Nov Dec Jan Feb March April May June AUTOS 2.0 2.9 2.7 2.9 2.6 2.1 2.7 3.2 3.9 4.3 4.8 3.2 CONSUMER 18.1 19.4 14.2 12.8 13.3 15.0 12.7 12.7 9.1 11.4 14.9 11.6 ELEC/TECH 4.8 7.5 5.8 5.3 5.0 4.2 5.2 5.6 4.6 4.1 4.3 4.1 FIN SERVS 20.0 20.4 18.9 15.7 15.9 14.8 17.8 17.3 16.8 23.2 23.0 26.1 METALS/PRODS 5.4 3.7 5.9 5.2 6.3 5.4 5.9 6.7 10.9 8.0 8.4 9.1 REAL ESTATE 6.6 5.5 6.2 7.8 8.1 7.9 8.1 8.9 11.6 11.0 14.3 16.2 TRANSPORT 5.0 7.0 8.4 8.4 10.8 9.0 6.4 8.2 7.6 7.0 5.0 4.6 ENERGY 11.0 10.6 10.6 9.6 9.7 10.0 9.2 8.9 10.3 10.4 10.7 9.0 MACHINERY 7.9 7.9 8.2 8.3 9.7 9.7 12.2 12.2 9.1 8.7 7.3 7.0 OTHER 19.2 15.1 19.1 24.0 18.7 21.9 19.8 16.3 16.2 11.8 7.2 9.1
6; Forecasts for Shanghai Composite Index <.SSEC> three months from now (last at 2,977 points).
FUND
A 2,900
B 3,000
C 3,100
D 2,800
E 3,500
F 3,100
G 3,000
H 3,400
I 3,100
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AVERAGE 3,100 (Reporting by Helen Ding and Edmund Klamann in Shanghai; Editing by Ken Wills)