From being overweight equities, social security funds in the first quarter appears to be more preference to non-ferrous metals, machinery and equipment industries, bullish on cyclical industries. According to the 2011 Social Security Fund total holdings of 2,459,210,000 shares in the first quarter, 2010 fourth quarter 2,688,220,000 shares, reducing 229.0131 million unit, declined to 8.52%. Was included in the top ten in the first quarter of trading stock shareholders holding total 39.925 billion yuan in the market value of the social security fund, than the last quarter of 2010 decreased $ 42.732 billion to $, declined to 6.57%. Overall, the signs of a certain jiancang. 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 in addition, first quarter Social Security Fund also for has mass of adjusting warehouse. Social Security Fund 101 's new stock in the first quarter, of the total number of shares held by 35.69%, but with the 2010 quarter compared to the number of new homes, fell by more than 10%.
So far from the first quarter of last year on a number of new shares in the quarter social security, social insurance in the first quarter of this year to select the new number of shares at least, analysts believe that this shows that social security for a quarter after the market has begun to be cautious. In the large institutional investors in, advocating sound investing social security funds has always been to "a keen sense of smell" is known, social security funds and the way the market bellwether.
Also in the secondary market on selected stocks, selected stocks also concern social security fund. Wind information display, in this 101 only stock in the, Nanshan aluminum industry (600,219, unit 's) is social security fund a quarter increased warehouse most "big" of company one, was new into jiancang 50 million unit, positions market about for 519 million Yuan; Tongling colored (000630, unit 's) was new into jiancang 10.66 million unit, positions market total about 435 million Yuan; Chinese life (601,628, unit 's) and amid power (000939, unit 's) also respectively was holdings 378 million Yuan and the 315 million Yuan. The mining company (601,899, unit) was new to jiancang 34.8999 million shares in the first quarter, position could fetch about $ 265 million.
We can see that most of these social security funds is more preferred stock belonging to the non-ferrous metals and other related industries section. Southwest securities (600,369, unit) analyst Zhang gang pointed out that the preference of the social security fund industry in the first quarter will show some new features. Social Security Fund significantly increase its stake in the metal and Nonmetal related stocks in the first quarter social security funds hold 26 listed companies in the industry, position is 4.434 billion yuan in the market value, increase per cent 39.17%. There is also a modest increase of mechanical industry stocks, which had four consecutive quarter position medicine was massive reduction of second name.
Zhang gang believe that underlining is more optimistic about the cyclical industry of social security fund investment strategy. Ping an securities analyst Wang Ren is considered, and unlike cycle unit repair since the end of last year, the periodic unit price is bound to policy is expected to improve in the future and financial real estate against to assumption. And expect short-term consolidation building near the market most likely at the end of the value the end configuration should focus more on the relative benefit.
