Advance to two digit category Super average grading scale of debt based fundraising 80%

Trainee newspaper reporter today, Chen Lin, Li Xin long letter grading end to raise, raise only 10 days. On June 10 a week ago, EU raise but have yet to declare the end of the full rating Fund was established. Not surprisingly, these funds will be set up since the beginning of this year's diliu、Qizhi ratings of debt-based, the joining of the two funds, also the rating of bonds on the market base from single digits in the number of up to two digits, up to 10, which entered the ranking of other similar funds the minimum quantity threshold.
Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends and ended yesterday, this year yilai new established Fund total for 84 only (debt base A/B/C merge calculation, ETF and joins Fund separate calculation). The second quarter, debt-fund market more interesting than graded base.
Rich days full grade-a "Flash" collects, Bo Yu Cheung a day when sold out, brought a feeling of warmth to the chilly market today. The securities journal weekly magazine reporter based on WIND data display of the Fund, set up this year's 5 grading debt-based total amount raised to $, new 11% of the full subscription amount of the Fund this year. Average raise 3.124 billion yuan, beyond the scale of new funds raised an average of $ 1.4 billion this year.
In addition, there are also 6 fund companies rating lined granted debt-based products.
Buy Fund Research Center have been China believed that grade debt this year, the base in his relationship with the bond market also has a large, from the beginning of December last year, especially long in the bond market debt investment income more stable, investor risk aversion needs heavier, so debt base to raise the overall situation is better than stock base. Raise Super new fund debt-5 rating based on average 1.4 billion of the fund securities daily reporter of the weekly statistics found that as of June 15, has set up a number of grading debt based on the market for 8. Where 4 is only for new fund set up after the May of this year, they were the Manulife Teda ju Li, Tian Ying grading, thousands of families in rich countries-Tim Lee and Bo Yu Cheung.
Not including Manulife Teda ju Li raise expiration month and the remaining 3 were sold out in advance.
May 16 3 days days raise 8 billion surplus in rich countries scale, more than 5 billion raised ceiling, and the surplus b rich days to raise only one day.
With days full of the rich collection on the same day there are thousands of families-Tim Lee of grading debt-based, however, who spent 12 days ends raised.
On May 25, Bo Yu Xiang a sold out in one day, when Bo Yu Cheung b on June 2 to raise, raise the end of June 3,. In addition, on March 2 open tianhong Tim Lee rating for the purchase, redemption for the first time a share in the second day of the opening, announced that it continues to maintain the size of the $ 2 billion ceiling, again placing.
And the Fund on December 1, 2010 sold out. Worth noting is that established this year 5 grading debt-based total amount raised to $, account for the new 11% of the total amount of funds raised this year, average raise 3.124 billion yuan, and ending on June 16, since the beginning of this year's new 84 Fund total amount raised to $ average raise 1.712 billion yuan.
Rating debt based on average size larger than the average raise new funds this year 82.5% raised.
Hope in the classification of debt-based market share in the Fund remains, reporters from the Securities and Futures Commission published the securities investment fund raising apply for accepting and auditing of administrative license in the public understands that as of June 14, and 6 fund companies submitted rating debt-based applications, is currently waiting for approval. Is worth noting that, between April 20 and 5 trading days in a row, 5 companies submit their grade debt-based applications, including Peng hua, taihe Chinese business.
Once approved, number of grading debt based on the market will increase to 16.
New grading debt-based liquidity increased yields with interest rates automatically adjusted depending on the WIND information data and statistics found that on Monday, can participate in 4 grade debt statistics based remove tianhong Tim Lee are maintained outside the classification in class b, class a low-risk share discount high risk situation of share premium.
Guotai Junan Fund researcher Wu Tianyu fund securities daily reporter of the weekly in an interview, said the term existence of discount of the share of low-risk, high risk share of premium rate and irreparable, investors think prior to the maturity of the Fund transactions will have to endure a discount, if you want to profit only had a long wait. Wu Tianyu added that despite rich huili and large Jing Feng redemption without pairing mechanism of conversion, but still have a period of up to 3 years.
During this time can only be traded in the secondary market, cannot purchase redemption.
New classification base seems to have realized that the old grade debt existed on the base design shortcomings, in terms of profitability and liquidity has done very great improvement. Rich day full grade and Bo Yu Cheung graded choice when a and b shares were issued separately, and only b-share trading.
And 2 share of fixed-income portion of the Fund, may raise interest rates or interest rate cuts to make corresponding adjustments; opening purchase redemption once every 6 months. Wu Tianyu was, the new release of grading debt-based design, liquidity to be better than the old debt-rating-based, and fixed income rates to the Bank constitutes a competitive financial products.

New stock base since April gold jiancang, 35 billion yuan weaker the collective absorption on the brakes

On each by reporter Li Na-intensive Cabinet, intensive set up new Fund "birth" frequency is growing fast, but new Fund steps are more and more hesitant. Recently, Vanguard released a listing of the stock dividend index fund notice in the book. Established in the middle of March, thousands of families in the card bonus, in 3 months time, size of only 30%.
As an index fund, its jiancang speed is very slow. Statistics show that in the new Fund was established in April, the times, almost all at the stage of wait and see the empty cartridge. Facing the market weak, even if these new funds enter the market, its role is still utterly inadequate. Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends April yilai shares base suction gold 35 billion yuan because approval rhythm of accelerated, new Fund of established speed also increasingly fast.
Since the beginning of this week, almost every day has a new Fund's intervention.
According to data from wind, direction since the beginning of this year a total of 47 only unit of the new Fund, the total amount raised only $ 62.5 billion. Since recently, due to debt-based widely welcomed by the market, become popular varieties of the fund company, unit base further compression of sales space.
Since April, a total of 27 shares Fund was established, raised amounting to $ 35.7 billion.
Silver letter this week to set up State industrial upgrading, large domestic demand and Peng Hua new industries grow three funds, raise funds $ 834 million, respectively, $ 1.43 billion and $, totalled $ 3.6 billion.
For the markets, only total tens of billions of resources, for the Shanghai and Shenzhen stock markets is utterly inadequate.
New Fund jiancang collective brakes near the market this year in the 3,000-point oscillation back and forth, many new fund set up in the first quarter after you select a low entry, generally encounter a share unilateral fell in April, the baptism, makes subsequent new Fund jiancang collective "brakes". Typically, jiancang index funds generally have only 1 month. As thousands of families in a stock dividend index fund, only rare jiancang 30% 3 months.
Index funds jiancang to "brake", also reflects the current cautious attitude of the new Fund jiancang. Panoramic view of the new Fund was established in April, judging from his NET performance, changes slightly, still at an empty warehouse or cleaning a wait state, collective aside with indifference.
Prior to this and new funds enter the market in the first quarter compared to the speed, like stepping on the brakes.
Mail and small-cap flexibility in Fund was established on May 10, to a net loss of only 1.2% over the weekend; ICBC Credit Suisse set up in late April consumer services, June 10, net worth $ 0.977 remain. Optimization of index funds, North German, also in the market have been very cautious, only slightly decreased by 1.2% the net last week.
And the subsequent establishment of the Fund to build beneficial subject classification also control the pace of the market, the net even rose slightly to 0.1%. From the NET performance, Green Fund set up in early May, also select start jiancang after May 20.
As of June 10, all-green NET as 0.995, can be seen, its slow jiancang. Luen on industry selection, Damo factor strategy Fund, is equally a tentative approach to market, net week wave amplitude is very small.
May set up at the end of the Chinese business value and harvest-leading growth, is also on the sidelines to wait for an opportunity to intervene in the market. A new head of the Fund told the daily economic news reporter, inflationary pressures still exist, sentiment depressed, more appropriate action would be taken. Also, listed companies pay close attention to those who were killed by mistake, look for more appropriate intervention time.

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Fund companies for three years from $ 6.6 billion purchase to earn 7.7%

Shanghai, Xu Hao by journalists from the daily economic news weekly Fund through the Wind information to customize the Fund since the purchase of the company's exclusive data. We found that company last 3 years for a total investment of the Fund reached $ 6.6 billion of funds since the purchase, even if the market index dropped 25%, company's own investments of the Fund as a whole still has captured nearly 8% of positive returns. System of carding a 3-year different fund company after purchasing behavior, we hope to close to the Fund since the purchase of truth, explore why fund companies keen to buy? As an "investment professionals" just how they purchase Fund yields? Since the purchase of their acts with reference to the investors to tell whether they are? Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends in recent years, fund company application inherent funds "since purchased" Fund products of message award-winning see newspapers, especially as industry leader of company, Shen foreclosure of every move are will attracted capital markets investors of endless conjecture is more? Still empty?
However, the vast majority of information is also only stay to guess. Looking back in June 2008, in time of the last 3 years, the market up and down around 3,000 points, the highest climb to nearly 3,500 points, touch 1664 under the lowest point. During the last 3 years and the market has experienced fear, hope, and inspire and depressed mood.
Also during this time, since the purchase and redemption of fund companies very frequently.
20% net use from purchase compared to other production and commercial enterprises, fund the company's cash flow and revenue and expenditure of funds is very simple to say, the same is limited by their industry characteristics, the fund company investment of idle funds range is very narrow except for a few "buy to cover building" company, the majority of fund companies through the investment of its funds to finance only.
Fund company of since purchased first can dates back to 2002, easy party up fund first open precedent subscription has its of Fund branch meeting 30 million copies; and thereafter is until 2005, as supervision layer official allows fund company using inherent funds investment fund products, more of fund company only began scattered to application idle funds for assets management, since purchased of Fund to currency Fund and bond type Fund mainly; and to 2007 as shares bull market began, fund company of since purchased also more actively, and will investment focus transfer to stock type products; to has 2008, and 2009 is became normal, in market downturn of period, has fund company began with since purchased new Fund of way show confidence. Wind statistics show that nearly three years, the Fund for a total of 52 companies have conducted since the purchase, the cumulative investment amounted to $ 6.6 billion of this figure can be said to be quite stunning. 2010 disclosure 48 fund companies, operating income reached $ 24.1 billion, a net profit of $ 9.6 billion. If a scale similar to fund the business of the company did not disclose financial data is a simple calculation, fund industry overall operating income will exceed 30 billion last year, net income of about $ 12 billion, almost three years the total profit of about $ 35 billion.
That is, the assets of the Fund management industry about 20% net profit of nearly three years to finance and investment funds.
Although it contains the fund company marketing considerations, but also from the side reflects the Fund's financial means of the single.
Midsize fund companies since the purchase of the most active, in fact, out of the industry are in a separate fund companies, you will find investment initiative and investment behavior has considerable differences. Expected is not quite the same, is not the most profitable funds invested more for the purchase of the company, in fact, the Huaxia, harvest, Boshi these three industry giants does not seem keen to finance and investment funds in recent years, but large amount of redemption of investment products.
Huaxia Fund has been in the past two years to cope with the large shareholder CITIC Securities (600,030, unit) in huge dividends continuously from the financial assets of "blood"; you can imagine is that built the Boshi Fund "Fund building" also needed financial support. Since the purchase of the more positive to big fund companies in the primary.
Including Yi fang da, China universal, Wah Fortune SGAM, GF, Onari, congruent huaan, Hindu 12 companies from purchase behavior more frequently. Invest the largest of which are easy to fund, nearly three years invest $ 1.15 billion, even include the redemption of shares, net purchase amounts as high as $ 700 million.
Type index of almost all of its investment products.
Fortune SGAM Fund and China is the highest number of investment companies, but not many single investment amount, subject-also more decentralized investment image of the industry as "sub-ground pepper". Meeting Tim rich most earned South lose more to currently weizhi, this three years to Trojan 6.6 billion yuan of fund investment total for fund company earned has 509 million Yuan (including has implementation profit and loss and floating profit and loss), three years total investment proceeds rate about for 7.7% because each investment point and investment period of different, this from total profit and total cost came digital and cannot accurate measure fund company of investment efficiency, only generally painted out Fund since purchased total investment return of profile.
This figure was significantly outperform the a-share index over the same period.
However, the fund company investment efficiency in contrast between the good and bad. General considerations on the basis of the total returns amount and rate of return, investment efficiency is highest in the past three years China universal fund company, invested $ 410 million new Trojan, floating under the $ 60 million, earnings rate of 14.8%.
In addition, Dacheng Fund, Everbright PRU us, efficiency of huaan fund investment is quite high, floating profit are over 20 million RMB, yields Super 10%. Yi fang da while floating surplus amounts exceeding $ 80 million, but itsReturn on investment is only equivalent to the industry average.
Although Warburg industrial inputs, but overall yields are maintained at near breakeven line only. Of course, the fund company investment is not stable also make compensation, a small number of firms in recent years since the purchase of a loss occurs. Nearly three years since the purchase of the Fund $ 340 million in the South, but as of now lost 12 million Yuan, yield-3.65%.

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Super low unit market innovation fund fell 90%

Every journalist Ngoc Huong market a new level this week, Friday (June 17) Index closed at 2642.82 points, to cover 2,656 point gap left by October 2010, a week, Shanghai stock index has dropped 60多, or 2.3%.
Under the influence of the bias unit Fund is also a land swarming with disaster victims. Due to the construction and building materials, nonferrous metal industry in relatively resilient in a weak market, some of the key investment in energy infrastructure fund offers outstanding performance. Meanwhile, pharmaceutical, biotechnology industry directly dragged down the performance of the relevant fund net universal medicine and other relatively large decreases.
Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends/base love passed/more than 500 over fund net fell only 20 only rose ended this Thursday, index fell 1.51%, and partial unit type Fund in the most Fund NET appears fell, partial unit type Fund in the only 20 only implementation small rose, remaining more than 500 over fund net appears fell, fell Fund about accounted for partial unit type Fund of 96%.
Specific, relatively resilient Fund to Shen Wanling its new dynamic, competitive advantage, Invesco great wall energy infrastructure, accommodation of domestic demand-driven (161,611, Fund) funds. Audience research centre analyst Yu Jingshun Lu and fund performance analysis of the energy infrastructure of the great wall, its good performance was due mainly to the Fund's focus on energy, infrastructure and business-related shares in listed companies. Meanwhile, Zhong Lu and Fund Research Center: "aggressive industry fund the Fund an operation style, it dares to be more concentrated on bullish configuration. The Fund heavy cartridge of construction and configuration relative more of real estate industry is this period rare of implementation gains of two a industry, and its also two heavy cartridge industry metal nonmetallic and machinery device although appears fell, but relative other industry,, decreases relative smaller, while the Fund Qian ten heavy cartridge unit in the has more only in this period performance more highlight, this for the Fund of leading performance contribution more. "On the market this week, bio-pharmaceutical industry as a whole fell, dragged down the direct performance of the relevant funds. China universal medical care net worth fell by more than 2%, all net funds partial share price ranked second.
As its name implies, China universal healthcare investment mainly in the areas of pharmaceutical, biotechnology, therefore the sector's decline affected the net value of fund performance. //Interest rate fears persist the view of the Fund not to publish May CPI up to 5.5% this week, hit a record high since the beginning of the last 34 months.
So the market again for interest rate hike worries deepened, insiders believe that interest rates may not rule over the weekend. Dacheng Fund believes that, on June 16, Central ticket issued in the period the interest rate up 8 basis points to 2.9985%, ending a balanced situation in 9 consecutive weeks, and lower level circulation maintained $ 1 billion. Also, due to the high market interest rates, CDB 16th also announced the cancellation of right to issue 20 billion yuan with 1-year floating-rate debt.
These signs boosted investors on expectations of higher interest rates. Therefore, Dacheng Fund pointed out that does not rule out Central Bank will raise interest rates again in the near future, but given the slow pace of economic growth is down, believe that deflationary policies be drawing to a close. Future macroeconomic policy entered a period of observation, further tightening is unlikely or not soon relaxed. In the case of stock market as a whole currently undervalued, decreased market space is limited.
About forthcoming interim results will be an important factor in the unit's future trend. Southern Fund Chief policy analyst and Fund Manager Yang Delong said: "Statistical Office of the Central Bank in May economic data are released a few hours after raising the deposit reserve rates, maintain the rhythm of the up-once a month, to reclaim the excess liquidity, prevent further inflation rise, expectations of lower interest rates in the short term, but given the situation of inflation continues to rise, and could not therefore rule out interest rate possible. "He believes that in the short term, inflationary pressures remained high, preventing inflation remains a primary task of monetary policy, see trend decline in the inflation front, to controlling inflation as its core policies do not relax. Since the June low base last year, most carryover effect on inflation in June this year, expect further June CPI to rise, may meet the inflation of a vertex, then slow down. May purchase price indices published before more substantial reduction, indicating inflation expectations may change, domestic demand fell, it reduces the non-food factors per cent in the second half. Therefore, after annual inflation trend is still high and low, corresponding policy is more or less relaxed in the second half.
Meanwhile, Yang Delong analysis in the short term, the market will remain volatile building trend at the end of. Configuration/funds/funds or increase the focus on market share since the beginning of April, the market fell fell over, in particular small and medium-sized caps but also fell sharply.
Industry research shows that many Fund or have increased market share, configuration of a cyclical industry. Shanghai securities funds research centre believes that, judging from large and small-capitalization style, May have funds gradually increase its market share configuration, share market share gradually higher. Judging from the history data, by the year 2010 three quarters of small-capitalization stocks continued to show strong, while market shares become the object of adjustment, estimation can be seen on the market shares of the Fund by gradually reducing the configuration of, the market share funds ratio remained low.
Beginning of 2011, as underestimated the value of the market blue chips get investors favor, also gradually improve the allocation of market shares of the Fund, Fund share increased market share. "From a cyclical style view, funds so far in early May substantially increase the allocation of a cyclical industry. Historical data from 2010, the first three quarters of food and beverage, pharmaceutical and biological products such as weekMore prominent sex industry performance, Fund follows market style wheels, significantly increased non-cyclical industry profiles (quarterly configuration, we can see from the Fund), cyclical industry Fund share gradually lower. First quarter of 2011 fund allocation for improving cyclical industries as a whole, it can also get support from the funds reported in the first quarter of.
"Shanghai Securities analyst Li Yan thinks.
However, the style adjustment fund, or with a certain lag, this lag describes Fund homeopathy on the one hand and, on the other hand when the Fund's overall control bunker in response to market-style transformation, the market's style has been or will be strengthened, renewed. Tasting energy infrastructure/Invesco great wall Fund/Fund Manager: Yu Guang established: October 20, 2009 year income:-7.86% comments: the fund performance were relatively robust since the second half of 2010, net growth rate forward. The Fund is good at layout in advance, such as a layout of four quarters last year ahead of the financial, real estate, cement and building materials industries, especially this year, the cement industry was once the Fund's contribution to the net.
Since the second quarter, from a net value of the Fund's performance continues to be relatively resilient. Guangfa Grand Fund Manager: Zhu Jian, Guoqiang Wang set up time: December 03, 2003 earnings during the year:-9.99% comments: the level of the Fund have long stock positions more than moderate positions to control the level of control and adjustment through stock investment risk.
Zhong Lu and fund research center believes that style is more active on in the operation of the Fund, adjustments to the configuration of the more frequently. Cathay Pacific valuation opportunity Fund Manager: Zhou Guangshan, Cheng Zhou, Yu Rongquan set up time: February 10, 2010 earnings during the year:-23.11% comments: Cathay Pacific valuation enterprising greatest advantage is its high leverage, Cathay Pacific valuation ahead twice times the initial leverage, namely Cathay Pacific valuation opportunity Fund net growth rate of about equal to twice times the growth rate of the net value of the Fund. Haitong securities (600,837, unit) that the build process by the end of current market turbulence, active stock selection ability of the Fund is expected to achieve a good return, Cathay Pacific higher valuations and enterprising as a discount, has twice times the share of lever-type active-high risk, easy win gives investors a trading market increases revenue tools.

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22 funds net a08et billion le08

defending 50 million worth of "wound up wards" for nearly two months, the a-share market a wave decline trend, Shanghai composite fell all the way from the stage at the high point of the April 18 3067.46 point until June 17, closed its 2642.82 point this round a new low. Super 12% decline more than 400 points in just 2 months, funds have also been diminished, there are 12 Fund $ 100 million less, bordering the winding up of a $ 50 million "red line"; and one to many accounts, sunny private is resolutely defending wound up line of 0.7-0.8. Nevertheless, there are up to 10 private equity took the lead in liquidation. Under the plunge, Fund into a worst situation since the financial crisis of 2008. Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends old Fund or and are "redemption tide" if stock index further fell, not excluded old Fund also appears a wave redemption tide.
While in redemption before the outbreak of the tide, has many of the small size of the original Fund with the shrinking of the net, net asset value threatened with liquidation "red line".
Under Morningstar data, ended June 15, only Peng China value, and South Lung Yuan, and great wall brand, and rich days Ding in the card enhanced, and Bo Shi theme (160,505, Fund 's) (160,505), and Ka real fundamentals 50 and Huaxia policy, 7 only stock direction Fund still keep are proceeds, proceeds rate respectively for 4.09%, and 3.8%, and 1.42%, and 1.01%, and 0.87%, and 0.34% and 0.32%, remaining public raised Fund full fell, average decreases over 10%, more has part Fund decreases over 20%. This reporter learned from some fund companies, face the plunge, now Christian Democratic redemption of more stable as a whole, because the market is in turmoil since last year pattern, most nearly a year income of the Fund is negative, the Christian Democratic cover more select wait. However, the establishment of new Fund was not so lucky this year. Statistics show that as of June 10, in May this year 40 stocks Fund set up by the end, almost all, of which only dropped by more than 8 10%. In the micro-State, these new funds have Christian democratic collective redemption.
Exchange information display, recently listed on the Shanghai Stock Exchange new SSE aperiodic ETF and ETF NET redemption of 217 million and 54.3 million, respectively, than the 912 million and the scale of first raise 652 million compared to net redemption ratio reached around and 23.8%, respectively. However, also pointed out that, if the stock index fell further, does not exclude older waves of a wave of redemption of the Fund. While in redemption before the outbreak of the tide, has many of the small size of the original Fund shrinking as net worth, net asset threatened with liquidation "red line". Giant spirit according to financial data, as of June 10, more than 20 yuzhi Fund net asset value fell below billion.
Among them, tianhong yongding (420,003, funds) (420,003), the Eastern policy of growth grow (400,007, funds) (400,007) and day treatment trend 3 funds assets below $ 80 million from the winding up of a $ 50 million "red line" only one step away; River at net asset value of the double engine is dropped to $ 48 million, face the risk of liquidation. However, according to open-end Fund contract, wound up two main conditions: first, the Fund holders for 60 consecutive days fewer than 100 people, two consecutive 60 day fund net asset value less than RMB 50 million Yuan, the Fund Manager, after approval by the Commission, to declare the termination of the Fund.
That is, dual-engine will be wound up or you want to see market afternoon trend, as long as a wave of backlash, slightly increase the net value of the Fund, the net asset back more than $ 50 million, Fund to avoid a robbery; bad again, funds will pass since the purchase of the company or "help fund" tide to avoid liquidation. A fund analysis company Marketing Director pointed out that public-fund liquidation is highly unlikely. "First, Fund related regulations does not made similar wound up provisions, so-called wound up of said has not been seen Yu some Fund of contract in the, and has additional conditions; second, although scale too small of fund management fee is enough support operations cost, but because old Fund continued marketing to than made new Fund easy, plus wound up caused of negative effect larger, therefore fund company mostly not select wound up; last, even to has must held holds people Assembly of point, also almost impossible appears hundreds of a, and thousands of a holding was while agreed wound up of situation.
"However, the people believed that, if the law allows in the future, of a similar style of small fund you can consider the merge operation. One to many account: defending 0.8 Yuan wards decreased net value of the current one to many Central, important because of heavy bunker under the market for small caps in this round will plunge sharply.
Net worth hit $ 0.8 clearance to avoid one to many product lines/stop line, part of the special investment fund company seeks the investment manager in net product unit fall to $ 0.85-0.9 force jiancang even during cleaning, so that the net worth above $ 0.8. Near misses with the public placement Fund compared to target the performance royalty pursuit of excess profits charged account of one to many products there are surprise also has risks.
Because of such products similar to sunshine private, holder structure is relatively simple, such as the loss is too large is a high probability of liquidation in advance. Journalists published Professional Edition from China Merchants Bank online bankingUnit net worth seeing, as of June 9, with 1 unit net worth is $ 0.813 one to many products, losing near 20%, another 3 units for one to many products only net between $ 0.87 to $ 0.88; CCB channels with 1 unit of one to many products over the net worth at $ 0.8 "low-level" lingered. It is learned that the majority one to many products in clearance or stop line was set in the design, $ 0.7-0.9 interval, average 0.8 million.
If dropped below clearance or stop-line, to wind up the advance. Many net focus of this round a pair of fall, it is important because small caps in this round of heavy bunker plunge plunge in the market. Unexpected plunge, Fund for unanticipated product design staff. "At the clearance or stop-line will be a pair of sets in the vicinity of $ 0.8, is on the stock market's performance was too optimistic, underestimating the risk.
"A fund company's product designers. Net worth hit $ 0.8 clearance to avoid one to many product lines/stop loss lines, many fund companies have a more product cleaning problems urgently convene a meeting to discuss countermeasures. It is learnt that some special investment fund company seeks the investment manager in product unit net worth fall to $ 0.85-0.9 force jiancang even during cleaning, so that the net worth above $ 0.8. A local head of the company accounts of the Fund said, May the market just when there is a trend of decline, vote in Committee will meet to discuss strategy and decide on its force jiancang clearance even one to many products, to lock in gains, control risks. Currently, its positions generally less of one to many products, and even some short positions, market clearly bottomed out gradually after gallon.
There are also special account management team changed the characteristics of specialized investment growth and small-cap stocks in the past, more emphasis on the balanced configuration, increases the low valuations of blue-chip configuration to reduce the volatility of the product, increase the defensive. Near half stock fund net negative growth Qian ten name (ended on June 16, 2011) Fund code fund name Fund type near half net growth 161,810 silver China domestic demand stock type -26.75%410001 China rich optimization (410,001, Fund 's) partial unit mixed -23.60%290004 Thai letter quality (290,004, Fund 's) stock type -22.06%161706 merchants growth (161,706, Fund 's) stock type -20.87%240011 China Po Market (240,011, Fund 's) stock type -20.49%410006 China rich policy (410,006, Fund 's) configuration mixed -20.44%233006 Damo leading stock type -20.40%159902 Huaxia Junior (159,902 The Fund)-ETF index value equity -20.30%290002 -20.33%420003 tianhong Thai policy-unit mixed-19.99% (source: de Santa Fund Research Centre) rebounded sharply as soon as companies look to the future of the Fund in addition to control net worth fell further, psychological counselling fund companies have embarked upon the customer.
It is learnt that some fund companies scheduled a special customer service staff to communicate with customers, explain this year's stock market fell sharply, and fund causes of household net worth plunged one to many products, and looking to the future possible trends for it, ask them if net worth fell by more than 20%, are willing to wound up exiting, or continue waiting to recoup their losses. Overall, the Fund still look to the future of the company rebounded sharply as soon as possible. Analysis of a special investment fund company director, 2010 and 2008 is currently in the stock market may refer to the year.
If the stock market as much as the 2010, years after the end of study period in a clear rebound, then nearly $ 0.8 per cent of households still have a chance to stand up to more than $ 0.9 but if equities continue to fall to the end like a 2008 even showed a significant rise in the first half for the second year, a pair of still greater crises may occur. On afternoon trend, a spot households investment manager think market bottom has gradually appeared, June late is expected to enterprises stability, seasons of appears a wave rebound quotes, index is expected to heavy back 3,000 point above; and another a spot households investment manager said, even market check fell enterprises stability, rose range also will limited, late trend still required concern recent macroeconomic data, if data of deterioration degree over market expected, not excluded stock index further fell.

Huge lo58es 158 billion fund the gloomy report

2011 is coming halfway, fund half champion intense rivalry began to enter. Not surprisingly, then, this award will be $ penghua long value and the South in industry topics, and as of June 15, Peng Hua value advantage small lead.
Although half champions still have suspense, but the Fund as a whole huge losses in the first half is a foregone conclusion. During the intense battle for the first three funds the big test will be settled, and six Championship rivalry, also entered the most critical moments. Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends according to statistics, ended June 15, Peng China value advantage year Trojan gains for 4.09%, and South Lung Yuan industry theme year gains about for 3.8%.
Since May, Peng hua once leading value advantage; and on June 10, Lung Yuan industrial theme performance suddenly punches in the South, one-day net worth rose 1.12%, year gains value over Peng Hua superiority. Later, Peng Hua value advantage began to catch up, on June 13, two fund performance gap has been narrowed to two, on June 14, penghua value advantage owned stocks begin to overgrowth across.
Among them, a rose 3.31%, overseas Chinese city, gree electric appliances (000651, unit) surged 3.95%, investment real estate (000024, unit) surged 4.28%, and on this basis, Peng Hua value advantage again overtaking South Lung Yuan industry topics, and gap to 0.46%. In fact, judging from a quarterly industry configuration, Peng Hua value advantage and Lung Yuan industry topics have many similarities in the South, the same warehouse machinery, metal and Nonmetal, finance and insurance sector, the same preference for China Unicom (600,050, unit), the Bank of people's livelihood (600,016, unit) and so underestimated the value blue chip. Two distinct funds on different attitude reflected in property stocks.
According to statistics, Peng Hua value advantage real estate sector allocation in the first quarter amounted to 7.48%, and South Lung Yuan industry topics, a quarterly data showed where the real estate sector is not configured. Most of the number three in national civil examinations is expected to occur between the great wall brand and theme when Bo. As of June 15, the great wall brand selection year rose 1.42%, Bo theme (160,505, funds) rose during the year 0.87%. While the gap between the two since June 13, narrowing trend is also clear.
June 13, the great wall brand optimization net growth rates during the year leading the theme industry when Bo 0.95%, 14th becomes 0.87%, 15th narrowed further.
The huge losses in the first half while the battle for the top three in full swing, but the first half of this year, huge losses on unit base is a foregone conclusion. According to measurement data, as of June 15, 370 last year has an open unit annual report data base has accumulated losses of $ 158 billion, while 370 stocks in base, two years more than 20% only 5 achieved positive returns.
According to statistics, as of June 15, net growth ranked penghua transient Omega YINHUA domestic demand compared to value advantage, first and last performance difference in growth rate, 26.8%. A study of securities companies in Beijing said: "this phenomenon is normal, the Fund took too much last year in his hand and small-cap stocks, market style has changed this year, the Fund did not escape in time, so even relatively good Fund or to investors to earn any money. "He further said," standing in the front of the last year, plunged this year exam, or have poor results. "Results from the first half of this year to achieve relatively good performance of the Fund, without exception benefit from heavy cartridge blue-chip sector.
But the same need is concerned, in 5 achieved positive returns of the Fund during the year, 3 units remains inadequate net worth only $ 1 par value, rose also hardly cover losses of the past performance of this year. A public-fund manager in Shenzhen, told reporters: "the best strategy now is to see more small, clear market opportunity now, it is hard to see, first half of the market in the wheel of time between the plates is very short, first consideration is the security of investment. "The times of China

Wang yawei hand playing again poor new offer 3 Mi55 humane technology

Every reporter after Jade incense from the Shenzhen market fell below 2,650, there are no signs of rebound, again new lows yesterday. Since the market adjustment, attitude of the public placement Fund is also cautious, June new compared May significantly reduce the allocated amount.
Wang yawei playing new release again in the after market adjustments, but offer low Miss humane science and technology (002595, unit). Wang yawei to hit people in the industry, said shares tumbled since mid-April, is to small, gem performance decline triggered a wave of "squeeze foam". As the market's decline, offering fund new enthusiasm gradually coming to an end. Worth noting is, yesterday (June 20) allocated under the network circumstances showed humane science and technology, Wang yawei hand again, but ultimately is not allocated. Recommended reading · fengji Forum investment real disc week summary
· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends heroic technology of network Xia issued quote detail display, Huaxia fund its of four only public raised products, and a only social security products are participation network Xia quote. Wang yawei helm of the Chinese market and Chinese policies are quote $ 21, Declaration of 7 million and 2.5 million units respectively. Humane technology the final issue price is $ 24, Wang yawei does not therefore have been allocated.
Allocated under humane science and technology of network shows, a total of 7 institutions successfully allocated, of which 4 are for the social security fund. Reporters preliminary statistics, since this is market adjustment, Wang yawei hand playing again new. Zhiqian, Wang yawei to be in charge of the Chinese market and Chinese strategy is to have the highest purchase price of $ 95/unit robbed electric power Research Institute (300,215, unit) placing shares under the net, quote than the offering price premium 25%, eventually allocated 230,000 units.
Electric power Research Institute listed on May 11, as of yesterday for $ 75 per cent, and the issue price is $ 76.
June offering new cooling the daily economic news reporter Statistics May public placement Fund participation in total 111 first placing, which allocated funds new Trojan to 1.911 billion yuan; since June, participation in new public placement Fund is 60 times, eventually the allocated amount of $ 555 million, compared to last month reduced significantly.
Meanwhile, since June with participation of 16 national social security fund portfolio play new, which allocated a total of $ 220 million of funds; and May participate in new social insurance fund a total of 18 times, eventually be allocated funds have $ 390 million, compared with last month, little difference between. National Social Security Fund was often able to tap on beat stepped on to the point, was dubbed "national team".
Therefore, the subject of investor concern social security fund operation. Recently took out $ 5 billion of Social Security Fund participation in CSR (601,766, unit) private placement, has caused market participants about. In early May, social security fund has billions of capital market, of which $ 6 billion for equity investment, $ 4 billion on bond investment.

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