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TABLE-Reuters Asset Allocation Table (China) Oct 2010

Published 10/29/2010, 01:43 AM
Updated 10/29/2010, 01:48 AM

(For accompanying story, click on [ID:nTOE69S095])

Oct 29 - 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 85 5 10

B 90 5 5

C 90 0 10

D 90 0 10

E 90 2 8

F 85 10 5

G 90 0 10

H 90 0 10

I 90 0 10

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AVERAGE 88.9 2.4 8.7

2) Monthly average recommendations for asset allocations in the next three months (percent of total portfolio).

Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct EQUITIES 88.9 83.6 81.3 80.0 74.4 78.3 80.0 82.6 83.1 82.0 86.4 88.3 84.4 BILLS/BONDS 2.4 3.1 8.1 8.1 9.2 6.4 5.9 6.4 4.8 3.7 3.7 2.6 6.1 CASH 8.7 13.3 10.6 11.9 16.3 15.2 14.1 11.0 12.1 14.3 9.9 9.1 9.4

3) Expected changes to asset allocations over the next month.

STOCKS BONDS CASH

A unchanged unchanged unchanged

B raise reduce unchanged

C raise unchanged reduce

D unchanged reduce raise

E raise reduce reduce

F raise reduce unchanged

G raise unchanged reduce

H raise unchanged reduce

I raise unchanged reduce

4) Suggested equity allocation over the next three months based on sector (percent).

SECTOR FUND

A B C D E F G H I AVG AUTOS 15 6 10 10 6 5 5 5 5 7.4 CONSUMER NON-DURABLES 10 55 24 10 15 10 15 15 50 22.7 ELECTRONICS & TECHNOLOGY 5 6 4 15 4 5 5 5 10 6.6 FINANCIAL SERVICES 10 5 15 10 25 25 15 15 5 13.9 METALS & METAL PRODUCTS 15 0 10 10 15 10 15 5 0 8.9 REAL ESTATE 10 0 5 5 9 5 10 5 5 6.0 TRANSPORT & INFRASTRUCTURE 5 6 7 10 3 2 5 5 5 5.3 ENERGY 15 0 15 10 15 10 15 5 10 10.6 MACHINERY 15 6 10 10 5 5 15 5 10 9.0 OTHER 0 16 0 10 3 23 0 35 0 9.7

5) Monthly average forecasts for equity allocations in the next three months (percent).

Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct AUTOS 7.4 4.8 5.9 4.7 3.0 2.2 2.7 4.1 5.6 4.1 6.3 5.7 5.4 CONSUMER 22.7 31.4 29.8 26.0 32.2 25.7 22.8 20.7 18.3 18.9 17.4 13.4 12.1 ELEC/TECH 6.6 6.8 5.7 5.2 9.2 12.8 10.1 8.6 9.0 8.2 6.1 6.7 5.4 FIN SERVS 13.9 10.3 13.7 16.1 13.9 12.1 14.4 23.4 16.2 21.0 20.3 21.1 22.3 METAL/PROD 8.9 6.8 5.0 5.3 3.2 5.3 6.7 6.1 7.3 6.9 8.8 8.6 9.0 PROPERTY 6.0 6.2 8.7 9.4 4.7 4.8 4.2 5.0 4.7 4.3 6.3 13.0 11.1 TRANSPORT 5.3 7.4 6.8 5.6 5.4 6.6 6.6 5.0 7.7 9.2 6.1 4.2 4.6 ENERGY 10.6 6.7 7.4 7.0 6.0 8.0 10.0 8.9 9.6 10.0 11.6 10.6 11.7 MACHINERY 9.0 8.2 9.0 8.7 6.9 9.3 8.2 9.1 10.2 9.0 10.1 7.2 9.9 OTHER 9.7 11.3 8.1 12.0 15.4 13.2 14.3 9.1 11.4 8.3 6.9 9.6 8.4

6) Forecasts for Shanghai Composite Index <.SSEC> three months from now (last at 2,970 points as of 0515 GMT). Where participants have given a range for their forecasts, the average of their range is used to calculate the overall average.

FUND

A 2,900-3,300

B 3,200

C 3,500

D 3,400

E 3,000-3,500

F 3,300

G 3,000

H 3,500

I 3,100

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AVERAGE 3,246 (Reporting by David Lin, Samuel Shen and Jason Subler in Shanghai; Editing by Ken Wills)

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