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TABLE-Reuters Asset Allocation Table (China) February 2009

Published: 27 Feb 2009 01:18:32 PST

Feb 27 - The following table shows suggested domestic asset allocations and market outlooks provided by nine China-based funds this week 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 70 15 15

B 65 30 5

C 70 10 20

D 65 15 20

E 70 5 25

F 70 20 10

G 70 20 10

H 70 20 10

I 70 20 10

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AVERAGE 68.9 17.2 13.9

2; Monthly average recommendations for asset allocations in the next three months.

Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb EQUITIES 73.9 78 76.5 72.8 76.25 72.125 76.11 67.2 72.2 68.9 71.6 68.9 BILLS/BONDS 15.2 10.6 15.2 14.4 13.125 18.50 17.22 21.7 20.6 20.6 17.2 17.2 CASH 10.9 11.4 8.3 12.8 10.625 9.375 6.67 11.1 7.2 10.6 11.2 13.9

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

STOCKS BONDS CASH

A reduce unchanged raise

B reduce raise unchanged

C raise reduce unchanged

D reduce raise raise

E reduce unchanged raise

F unchanged unchanged unchanged

G reduce raise unchanged

H reduce raise reduce

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 2 1 3 3 5 5 2 5 3 3.2 CONSUMER NON-DURABLES 3 20 15 18 10 15 15 5 13 12.7 ELECTRONICS & TECHNOLOGY 15 3 5 1 10 5 3 2 6 5.6 FINANCIAL SERVICES 18 20 15 22 10 15 14 25 17 17.3 METALS & METAL PRODUCTS 6 1 5 1 15 10 5 10 7 6.7 REAL ESTATE 10 10 15 4 10 5 7 10 9 8.9 TRANSPORT&INFRASTRUCTURE 10 5 8 15 10 5 5 8 8 8.2 ENERGY 12 5 10 6 5 10 8 15 9 8.9 MACHINERY 5 10 15 8 20 15 15 10 12 12.2 OTHER 19 25 9 22 5 15 26 10 16 16.3

5; Monthly average forecasts for equity allocations in the next three months.

March April May June July Aug Sept Oct Nov Dec Jan Feb AUTOS 3.7 4.4 3.2 2.9 2.0 2.9 2.7 2.9 2.6 2.1 2.7 3.2 CONSUMER 12.9 14.1 15.2 15.3 18.1 19.4 14.2 12.8 13.3 15.0 12.7 12.7 ELEC/TECH 4.6 4.8 6.1 5.6 4.8 7.5 5.8 5.3 5.0 4.2 5.2 5.6 FIN SERVS 19.1 20.7 20.4 19.1 20.0 20.4 18.9 15.7 15.9 14.8 17.8 17.3 METALS/PRODS 6.8 6.3 7.3 6.2 5.4 3.7 5.9 5.2 6.3 5.4 5.9 6.7 REAL ESTATE 9.9 7.9 5.8 6.3 6.6 5.5 6.2 7.8 8.1 7.9 8.1 8.9 TRANSPORT 7.8 8.1 7.6 6.0 5.0 7.0 8.4 8.4 10.8 9.0 6.4 8.2 ENERGY 9.6 11.1 11.6 16.0 11.0 10.6 10.6 9.6 9.7 10.0 9.2 8.9 MACHINERY 9.2 8.7 9.9 7.3 7.9 7.9 8.2 8.3 9.7 9.7 12.2 12.2 OTHER 16.4 13.9 12.9 15.2 19.2 15.1 19.1 24.0 18.7 21.9 19.8 16.3

6; Forecasts for Shanghai Composite Index <.SSEC> three months from now (last at 2,121 points).

FUND

A 2,200

B 1,800

C 2,300

D 2,000

E 2,150

F 2,300

G 2,100

H 2,350

I 2,000

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