Each LOF Fund by reporter Xu Hao from Shanghai are contrarian daily limit. This time round to Cathay Pacific value one-day average volume is low settlement fund of about $ 260,000. And in the previous trading day, it is the only LOF Fund was just over $ 450 "hit" to nearly fell. Due to the downturn in trading volume, price in some funds are often very unstable, and often "shangcuanxiatiao", in this process there is also artificial hype factor. Recommended reading · fengji Forum investment real disk week summary
· near three week fengji basic index sort capturing unit base wrong holding market balance 12 only closed debt base overall discount rose to 5.78% Fund heavy warehouse times earnings a unit (schedule) private: consumption medicine and the emerging industries can low absorption a quarterly Biological Aerated with Department Fund get together same stock promise anguo Thai private chongyang quilt cover everyone music [hexun know] asked currency Fund of problem 450 Yuan hit to near fell stopped Monday (on April 11), in most field within fund price with market index small fluctuations Shi, team in the and are emerged as who country Thai value classic started up to daily limit opened.
Occasionally hang out in small sell orders are stacked at the moment pay daily limit on the price of digestive tract, eventually to 1.002 daily limit price to close.
This towering daily limit and had to make contact to the final 5 minutes before the close on Friday, Cathay Pacific value "classic" strange to suddenly kill falls. On April 8, up to 2:55, Cathay Pacific value classic suddenly hanging out $ 5 hands 0.911 sell order which was lower than in a lump sum contract price on the 9.71%.
When this transaction is, as of closing is no longer sold, final Cathay Pacific classic value to $ 0.991, one-day drop 8.44% close. But Cathay Pacific value classic playing to nearly fell of the transaction amount is only $ 455.5.
Hundreds of dollars alone can have an impact on stock prices, is almost inconceivable, but very active in the field of Fund trades are done is got used on the market. On Friday, Cathay Pacific total turnover value classics all day for only $ 220,000, and this week a daily limit, its day the contract is only $ 350,000.
Earlier, Cathay Pacific value classic has been a long time at each session of around $ 100,000 "trace" deal, even only when at least thousands of pieces.
Last week the same price "shangcuanxiatiao" also just listed near ICBC Credit Suisse proceeds in four seasons, also appears in disk prices suddenly skyrocketing sudden narrowing of the situation, and the Fund is also very little turnover.
LOF funds sold the most depressed throughout, LOF Fund, closed-end Fund ETF funds in the field, funds, similar to the Cathay classic one-day turnover of only hundreds of thousands of dollars of value or even tens of thousands of dollars of low transaction funds are not uncommon, particularly in the LOF Fund up to.
A daily transaction boundary between $ 10 million for the Fund is active, the daily economic news reporter to fund statistics the average daily turnover in the first quarter of this year.
In the 56 closed-end Fund (separate A/B share), nearly half are sold not active Fund, of which most of the daily turnover of about 1 million or 2 million fengji, fengji or rating of the bonds Fund was set up last year.
Differentiation of ETF transactions of larger, from a daily turnover of $ 5, the market ETF, only millions of Yuan to turnover, average daily turnover of 10 million following the ETF also accounted for half of the total.
And LOF Fund is a low settlement fund to concentration camps, in addition to harvest the CSI (300, funds), today the rest LOF Fund turnover is below 10 million, today there are more than 10 yuzhi product sums less than $ 100,000. "as less as possible no one played" circle is worth noting that, although under the thrust of the two cities of Shanghai and Shenzhen exchanges, almost two years to fund showing explosive growth in the number of potential in the field.
But at the same time, but does not expand the field of fund market in trading volume, but have shrunk. LOF Fund, for example, listing in 2009, the Fund a total of 24, sum almost equivalent to the amount from the amount of the Fund.
But since 2009, LOF Fund trading activity has declined, over the same period last year total turnover in the first quarter of this year dropped by $ 2 billion, into the Fund, average turnover has shrunk by nearly half. The daily economic news reporter found that these new LOF more limited debut trading shares, total only 8.4 billion, less than 400 million average shares of each fund listed. Itself an active Fund participants and transactions are relatively limited, in this case, the Fund's investors want a smooth departure only will to go out and redeem fund shares. This lead to LOF Fund to scale more and more reduced turnover more light circles.
On the 24 funds in latest statistics bear out the scale of this phenomenon, now reduced to 1.6 billion. In addition, the ETF funds is also the same is the case, increase in the number of funds, but the deal does not increase. Closed-end Fund is only active in the field of integral lifting of funds in the market. And it benefits from its unique trading opportunities, and the four quarters last year a wave of leveraged funds market.
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