TABLE-U.S. strategists' asset allocations
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NEW YORK, June 7 (Reuters) - The following is a table of
recommendations by top Wall Street firms on how clients should
divide their money, by percentage, among assets in a model
portfolio, as well as the firms' 2001 year-end targets
for the major stock indexes.
Changes from the preceding week are denoted with an
asterisk.
(Portfolio) ('01 targets)
FIRM STRATEGIST STOCKS BONDS CASH S&P DOW NASDAQ
AG Edwards Keller/Goldman 70 30 0 1450 12500 2600
Bank of Am McManus 60 35 5 1425 11500 3000(1)
Bear Stearns Mackay 65 30 5 - - -
CIBC World Kumar 75 20 2(2) 1450 11500 3300
CSFB Galvin 90 0 10 1450 12000 2600
Goldman Cohen 70 27 0(3) 1550 12500 -
J.P. Morgan Cliggott 60 20 20 *1200 - -
Lehman Applegate 80 20 0 1450 12250 -
Merrill Callies 70 25 5 1570 - -
Morgan Stanley Canelo 80 20 0 1425 12000 2750
Prudential Smith 65 15 5(4) 1450 - -
Salomon Manley/Levkovich 70 25 5 1400 11400 -
UBS Warburg Kerschner *71 *24 *5 1715 - -
Notes:
*J.P. Morgan lowered its 2001 price target for the S&P to
1,200 from 1,300. UBS Warburg changed its asset allocations on
stocks, bonds and cash to 71, 24, and 5 percent from 69, 26,
and 5 percent, respectively.
(1) BofA's price targets are rolling, 12-month targets.
(2) CIBC also recommends a 3 percent allocation to
'other,' which includes commodities and real estate investment
trusts.
(3) Goldman also recommends a 3 percent allocation to
commodities.
(4) Prudential also recommends a 15 percent allocation to
real estate.
223-6152))
REUTERS
Rtr 13:44 06-07-01
Copyright 2001, Reuters News Service |
