Warehouse shuanghui fund companies faced enormous pressure, industrial global (340,006, Fund) funds even encounter "redemption crisis": called with more than $ 5 billion to redeem. Melamine, and lean sth Emerging food safety issues, the fund company had to rethink food industry, valuations at least 90 percent. Recommended reading
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Not out of the market expected, shuanghui development fell for two days, let get together which fund immediate loss of more than 3 billion yuan. Annual report showed the Fund, as at the end of 2010, 164 funds held a total of 216 million shares shuanghui development, per cent of their total equity capital of over one-third.
According to this calculation, resumption of shuanghui development fell on that day, so that evaporation of funds total market capitalisation of $ 1.68 billion.
Where industrial global fund its industrial global trend, industrial global global field of vision of shuanghui development by huge volumes, ranked first and third of the funds, its 6 funds together hold 25.5377 million shares, a company lost nearly $ 200 million.
In addition, e Fund, China Fund, the South Fund, such as harvest Fund, Dacheng Fund shuanghui development held most of the company's funds. Rumors in the industry, since March 15 shuanghui development for "lean" events after a temporary suspension, fearing continued to slump after the resumption, Societe Generale Fund products investors since mid-March, concentrations of redemption of the Fund products, have been redeemed over $ 5 billion.
One quarter display, just as at March 31, Societe Generale trends (163,402, Fund) were redeemed more than 2.8 billion. Shuanghui escape one, when you vote in Bo on to reduce fund a quarterly publication started in April 20, the Fund Manager in double sinks "lean" and before "operation came to light.
Compared with the end of last year, fund company shuanghui positions of some changes, but overall the same. International China on superiority (375,010, Fund) and Bo theme (160,505, funds) because the reduction of the double Exchange, successfully escape one. According to a quarterly, theme in international China advantage and Bo on top stocks, has no shuanghui development figure.
Data displayed at the end of last year, of the two Fund shuanghui development shares were around 6.8 million shares, according to the calculation of the average price in the first quarter, the market value at about $ 540 million. In cast and Bo for the reduction of the double when meeting been rejoicing, Dacheng Fund to continue gallon shuanghui unfortunately caught and you are secretly sad. According to a preliminary statistics quarterly, Dacheng funds in the gallon 500,000 shares of shuanghui development in the first quarter, suffered heavy losses. According to a quarterly, a quarter of the year in jingyang (519,019, Fund) continue to gallon 300,000 shares, Dacheng core bought 200,000 shares, shuanghui development is the first of the two funds in stocks.
Great returns on other funds into policy (090007, funds), great value growth (090001, Fund) and the great positive growth (519,017, funds), are heavy cartridge shuanghui. Or affect the Fund's valuation despite shuanghui development of food industry may still be in the future the industry heavy cartridge, but fund managers on the food industry is undoubtedly one more caution: food safety of "lethal" should not be underestimated.
Melamine sanlu milk powder companies can evaporate overnight, who can guarantee such a thing will not be staged again?
"Double meeting doors" occurs, journalists in the South, Yi fang da, more than fund company managers in the chat and get a message: shuanghui events or influences on food industry valuations of the Fund. A heavy cartridge shuanghui development fund company researchers said, double sinks events directly affect the valuation of the company on food and beverage industry. We also is optimistic about the long-term value of the company, but the food industry was very easy to go wrong, we may have on the industry's investment in the future will be more cautious, valuations at least a 90 percent.
