For the future, funds generally agree that the stock market will be "inflation" and "end of economic" structural opportunities were more of checks and balances, but specific hotspot differences greatly. Monetary Fund the most profitable in the first quarter, total losses in all of 35.983 billion yuan, equity funds, of which $ 17.651 billion loss, loss $ 20.419 billion mixed type Fund, bond funds, micro-lost $ 10 million. While the Monetary Fund and the capital preservation fund is by virtue of the operation of low-risk strategy, achieve positive returns in the first quarter, its profits were 1.108 billion yuan and $ 177 million. In addition, QDII funds are out of the first wave of the sea of folding when JI haze, with profits of $ 811 million in the first quarter, as second only to the Monetary Fund money funds. Recommended reading
· fund a quarter reduction Qian 10 unit · closed debt base PK large arena six large fund company investment policy a quarter Fund mad rejection small disk unit (schedule) 14 fund company assets management scale below baiyi2011 spring private equity Tsim peak Forum times new Fund jiancang preference machinery device Fund first Ji Jiacang 10 unit average rose over 50% second quarter investment policy will hot registration in the overall jiancang a quarter late, all partial unit Fund of average stock positions Xia dropped to 81.66%, than early decline 2.8%. Among them, equity funds (comparable) stock positions dropped to 86.97%, mixed funds (comparable) stock positions dropped to 77.08%, earlier than falling 1.12%, respectively.
From equity and hybrid analysis of positions of the Fund, Fund for medium-and long-term market confidence, but short-term adjustment in the market-sensitive. A quarter, the average stock fund with the highest positions in the company for mail Fund for entrepreneurship, BOCOM Schroeder, day treatment, Thai Fund, first State Cinda such, these positions are more than 90% of the company stock fund. Stock positions a minimum of five companies for the livelihood and silver, KBC, Morgan Stanley Hua Xin Jin and Yuan dynasties, the funds in the East and Galaxy funds, average position is less than 72%.
This progressive and prudent to send in the fund industry's point of view widely.
And before the scale of big fund company positions generally lower, such as the China Fund, the South Fund, harvest Fund, Boshi Fund, its average stock positions less than 80%, only Yi fang da positions more than 85.12%.
NET redemption of Super-qianyifen no matter how new fund distribution market "full swing", still failed to break the circle of stagnation in the overall share of the Fund. Fund distribution market in the first quarter of this year's competition is more intense. According to statistics, a total of 44 new fund set up in the first quarter, the first amount raised reached $ 75.2 billion, this data significantly more than the same period last year.
However, in a large number of the establishment of the new Fund, Fund share diminished degree of far more than the new funds bring "living water". TX statistics show that funds overall share dropped to 2,223,538,000,000 in the first quarter, net redemption reached 109.438 billion, net redemption ratio to 4.69%.
Specifically, total equity funds and mixed funds NET redemption of 65.122 billion bond fund net redemption 11.584 billion, net redemption of monetary funds reached 26.776 billion.
Dispute "cycle" and "growth" in fund a quarterly in the, Fund Manager were prospect afternoon, more consistent of consensus is stock market in "inflation top" and "economic end" of checks and balances Xia more performance for structural opportunities; industry configuration Shang, "cycle" and "growth" the has bias, consumption, and medicine, early decreases more deep of plate and a unit is expected to "regression". Is the investment cycle unit also are growth stocks dispute continues. Department of China headed by Wang yawei to support traditional cycle unit. Wang yawei made it clear that, "bullish on low valuations of merit represented by banking blue chip; if measures are not introduced more stringent regulation of real estate and even policy relaxed, adjust the full rise in real estate unit will have a larger space. "By contrast, harvest growth mixed fund is strong" growth stock "advocate. The Fund Manager Shao Jian with respect, growth stocks are experiencing a decline in the early style is expected to be eased the pressure, will continue to adhere to the growth of investment ideas. Guangfa Fund for the core policy is relatively neutral, it said second-quarter investment structure will be relatively balanced, focusing on configuration to good industry fundamentals, will add to the cyclical industries such as cement, coal and configuration of the Bank, at the same time good bargain buying growth stocks.
