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· Fund why also large purchase · long-term holds Shen million enterprising stability earned inventory over Niu Ji and Xiong Ji General Manager batch left public raised lost most debt base losses star Manager stock market lost hoof Fund positions plus reduction of secret a shares months fell 5.77% Fund preparing for June jiancang was forced flat warehouse number only structure of private May robbery Qiming: shocks city in the how mining Daniel unit preference underestimated value varieties in fact, on this three only still adhere to in profit and loss balance line above of Fund,, its scale difference does not small, both Shang baiyifen scale of "big", also has a billion of copies of "little", and are from three home different of fund company.
But that some funds are a common feature: is very preference to underestimate the value of variety, especially on financial stocks are long-term firm hold.
Sort out the different industries in 2011, the market performance, whether it is strong in the early cycle stocks callback substantially in the near future, junior or high valuations and the GEM so far has not stopped falling, only financial became the market's most resilient plates.
From Wind data display, in accordance with the Division of shenyin wanguo 300 industry indices, beginning to Tuesday, household appliances, ferrous metals and financial services of higher class as the only three plates, during which rose, 11.17% and 1.36% respectively. Hold the banks do not loosely penghua value advantage nearly 13 billion in assets, at last "salted fish turn over". From buy Fund statistics show that this old Fund was established in 2006, performance is not a little ups and downs.
In 2010, Peng Hua 13.43% record ranking value advantage to losses after the funds of the same type of one-fourth, and in early 2009 before rising to 80% performance among the ranks of the former one-fourth of the same Fund. Shenzhen brokerages said the Fund's style is very prominent, that is, "fund managers to underestimate the value preference of blue-chip sector is".
Market performance continued to lag behind of blue-chip market last year, market style changes this year, meet the investment direction of the Fund, Fund warehouse varieties are varieties of white horse in some industries.
Based on past penghua value advantages of regular report, the proportion of the Fund's net asset value of investment in the financial sector within the ratio is always maintained in the 20% of the year. China Merchants Bank (600,036, unit) (600,036, $ 13.8 per cent) and Minsheng Bank (600,016, unit) (600,016, $ 5.98 per cent) has been the Fund in recent years Golden heavy stocks. China Unicom (600,050, unit) (600,050, $ 5.63 per cent), also having the same status.
In addition, the Fund has focused on the configuration section home appliance unit, making the Fund in more prominent this year. He Peng Hua value advantage, brand optimization on the banks of the great wall is all the more preferred. Since the Fund was established in 2007 bull market peak, have a greater share of the assets. By the end of a quarter of the year, shares of the Fund is still close to 15 billion.
Maybe it's too big because of great wall brand optimization of investment in the financial sector accounted for more than half of the assets. "Taking into account the mobility factor, funds to buy more stock in financial and insurance industry. In addition, the high concentration of investment in the fund industry, this year are some of the major investment cycle units, configure a few industries with steady growth.
"The above brokerage said. If only from a size point of view, Oriental Dragon operations may be more competitive advantage, because it is a scale of only a billion of "little man". Long before the current Fund Manager Yu Xin takes office, its head has been change to keep, is not a long time of any of the previous reign.
According to buy Fund-related data, their performance, former manager of several funds for a period of return is not ideal, is lower than the average for similar funds. Oriental dragons since 2009, the financial sector is more attention, and is configured on a rising trend. Data show that the end of the first quarter of 2009, Dragon of the East configuration only 25.58% of the financial, insurance. Over the same period and in 2010, financial and insurance industry net assets of the Fund's assets over 30%. The end of 2010, that figure had risen to 40%, late in the first quarter of this year, was up to 45%.
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