In the case of lack of systemic market opportunities, fund transfer to other use spaces are very limited, "relay-band operations, investment" became part of the Fund Manager of weak investment in road. Quit when you are ahead-band operations continued turbulence in the market plunged last week, index of agglutination to around 2,800, the Fund selected reverse move, low vacuum raised, small gallon strategy. Recommended reading
· field internal debt base was crazy sold · a a losses instance of analysis Fund began "love debt hate unit" low risk fund became "absorption gold" large Zhejiang commercial Fund 100 million Yuan capital can pole how long only 39 only partial unit Fund had "pass line" Wang yawei heavy warehouse unit again made reached 13% Sun private run win large city highest losses 34%[registration] listen to Wen Guoqing taught you copy end opportunity under countries Securities Institute calculation, last week partial unit type Fund positions rebounded 0.81%, to 77.38%. Excluding fluctuations in the market value of all assets on effect of position of the Fund, Fund initiative as a whole gallon 0.95%.
Is worth noting that, last Monday, six major fund companies to select the active gallon, which Yi fang da, GF, Huaxia and harvest of relatively large Active gallon range. Director of Shanghai, a joint-venture investment fund companies that "fell under the current market valuations continue to kill meaningful, some already has long-term investment value of stocks. Although economy faces downside risks, but the market has to a certain extent reflects the expected, little space future callbacks. "In fact, judging from changes in the position of the Fund this year, the Fund"-band operation "signs are obvious.
Calculation of capital securities Fund positions displayed, above 3,000 tend to jiancang locked income of the Fund. Fund analyst view, "3,000 points for early intensive settlement area, on top of this, Christian Democratic redemption of increase will cause Fund jiancang. In addition, the systemic lack of opportunity this year, attack on the market to over 3,000, cautious attitude highlights of the Fund, herd behaviour will lead to over 3,000 funds jiancang as a whole.
"Judging from the private placement April positions, although some private jiancang, but remained at a high level, private in April remained more than half a warehouse operation, 77.78%, 22.22% private half-cartridge only the following, where private accounts for 69.45% of 50-80% positions, the data show that private is thereby not so pessimistic, but not optimistic. Limited investment return to equilibrium in the market to fall, underpowered upward shocks in the city, most fund managers to choose the "relay investment law", that is when the expected target values quickly realize cash portfolio income, instead looking for the next investment opportunities.
As the Fund continues the regulating cartridge swap, its investment is gradually returning to equilibrium. Cathay Pacific Research Director of the Fund believes that, in view of the latest changes in the macroeconomic, investment may be more to come should pay attention to in the trade balance. "Excessive bias cycle unit or unit of consumption policies may have risks.
"In their opinion, not only on the market today fall gave up too optimistic view of inflation, after the decline of inflation may give for the future profit impact of manufacturing enterprises have a great worry. Penghua Fund Research Department General Manager Ji Hongtao think, won with a-share markets may be balanced this year, on the operation of the future "balanced combination of" may be key to winning was fund performance. In the view of Ji Hongtao, is likely to occur in the second quarter of the so-called style rebalancing. At present, the Fund for further growth in jiancang consumption unit, increase cartridge cycle unit has the possibility of not.
