While underestimating the value of Bank shares, performance exceeded expectations, becomes the focus of the private configuration. Cautious but not pessimistic according to private line network after investigation, 38.24% private call in April, only 17.64% private equity weakness. However facts is, April 2011 is a sad love of month, in IPO accelerated, and crunch expected strengthening, and entered type inflation high enterprises, and United States rating was decline, and concerns economic downward, series of bad effect Xia, CSI 300 stock index futures record to received out has 11 even yin, index first Yang Hou anti, interval decreases for 0.57%, and Shenzhen junior, and venture board market suffered hit, venture board means a months of decreases reached 9.48%, and junior means fell has 5.43%. Recommended reading
· ten years times of exploration practice (second) · in the silver Fund was Christian Democratic complaints spot curse reproduction fund high jiancang QFII overall minor jiancang substantially holdings medicine Fund positions differences increased ETF all fell rumors and up Wang yawei leads lucky film QDII net into rose channel Fund May "overall is lost" China stock market master competition real disk positions revealing in market of tumbled in the, heavy warehouse private select has jiancang to should systemic risk. 80-100% positions of private share fell sharply, by 12.25%, only 8.33%. While private attitudes are starting to become cautious, for May market, more and more private equity weakness. According to the private line network statistics, 33.34% private equity weakness May market, increase over the last month of 15.7%. However almost half the private view May be sideways consolidation.
In General, although private equity become cautious, but Outlook is not pessimistic, dominated by defensive mentality. This is also reflected in its position on April. Although some private jiancang, but positions remain at a high level, close to 80% private equity positions in more, 22.22% private half-cartridge only the following, which 50-80% positions of private 69.45%.
Because of the future are not pessimistic, according to the survey, private said more than half a warehouse operation, 69.44%, 2.78% private equity positions will remain only 30%, 50-80% positions in private is still mainstream 58.33%. Largest consumer banks continue to be optimistic about strong regression favor large consumption last year, valued at a high level, once abandoned were private. But after the sharp correction in the early consumer plate current relative valuations have very high position from the historical quarter of 2010 before easing back to 1 time times the standard deviation.
Due to the adjustment of national income policy and mass consumption policies, large consumption of relative benefit configuration values begin to emerge, become the focus of private in May. Private view, long term, large consumption concept is worthy of good and now face better jiancang timing.
Almost half the private said, attention May be focused on consumption concept. While underestimating the value of Bank shares due to the valuation of repair requirements, coupled with the performance exceeded expectations, continued by the private good.
May still have 30.56% private good investment opportunities for banks.
New industry, medicine, second-tier blue chips, resources, and real estate was also favored by private, each have five, 19.44%, 22.22%, and 16.67 focus on the private configuration object. Structured private product champion Gu Feng, Sun said last year, looking to the future of industry investment opportunities, including three main directions.
A is consumption, China economic transformation imminent, future domestic demand by accounted for than increased; second is manufacturing, China manufacturing long-term strong, equipment manufacturing, traditional manufacturing of upgrade of opportunities also is large; last is innovation, economic of transformation must relies on innovation, such as like Sina micro-Bo, also including grafted in traditional industry of innovation, say special steel of production processing, innovation also can and consumption phase combination, as commercial chain and network formation Alibaba, and Jingdong Mall. Map specific to industry standards in both directions, one upstream resources, energy, universal resources, universal energy, or new resources and new energy. Lower consumption, and linked to the consumption of new ideas and new consumption patterns, health care, medical services, logistics and modern services.
Generally this ends good, clear, long-term. Shanghai Chun asset management investment Director Liu Jun also bullish on two main lines in the near future, first, the cycle class a shares, such as chemical industry, steel, coal; the second main line is the largest consumer concepts such as part of the quality of medicine unit already has investment value. Concept of long-term bullish on stocks and consumption of resources.
