Under the influence of the bias unit Fund is also a land swarming with disaster victims. Due to the construction and building materials, nonferrous metal industry in relatively resilient in a weak market, some of the key investment in energy infrastructure fund offers outstanding performance. Meanwhile, pharmaceutical, biotechnology industry directly dragged down the performance of the relevant fund net universal medicine and other relatively large decreases.
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· fengji Forum investment real disc week summary · Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends/base love passed/more than 500 over fund net fell only 20 only rose ended this Thursday, index fell 1.51%, and partial unit type Fund in the most Fund NET appears fell, partial unit type Fund in the only 20 only implementation small rose, remaining more than 500 over fund net appears fell, fell Fund about accounted for partial unit type Fund of 96%.
Specific, relatively resilient Fund to Shen Wanling its new dynamic, competitive advantage, Invesco great wall energy infrastructure, accommodation of domestic demand-driven (161,611, Fund) funds. Audience research centre analyst Yu Jingshun Lu and fund performance analysis of the energy infrastructure of the great wall, its good performance was due mainly to the Fund's focus on energy, infrastructure and business-related shares in listed companies. Meanwhile, Zhong Lu and Fund Research Center: "aggressive industry fund the Fund an operation style, it dares to be more concentrated on bullish configuration. The Fund heavy cartridge of construction and configuration relative more of real estate industry is this period rare of implementation gains of two a industry, and its also two heavy cartridge industry metal nonmetallic and machinery device although appears fell, but relative other industry,, decreases relative smaller, while the Fund Qian ten heavy cartridge unit in the has more only in this period performance more highlight, this for the Fund of leading performance contribution more. "On the market this week, bio-pharmaceutical industry as a whole fell, dragged down the direct performance of the relevant funds. China universal medical care net worth fell by more than 2%, all net funds partial share price ranked second.
As its name implies, China universal healthcare investment mainly in the areas of pharmaceutical, biotechnology, therefore the sector's decline affected the net value of fund performance. //Interest rate fears persist the view of the Fund not to publish May CPI up to 5.5% this week, hit a record high since the beginning of the last 34 months.
So the market again for interest rate hike worries deepened, insiders believe that interest rates may not rule over the weekend. Dacheng Fund believes that, on June 16, Central ticket issued in the period the interest rate up 8 basis points to 2.9985%, ending a balanced situation in 9 consecutive weeks, and lower level circulation maintained $ 1 billion. Also, due to the high market interest rates, CDB 16th also announced the cancellation of right to issue 20 billion yuan with 1-year floating-rate debt.
These signs boosted investors on expectations of higher interest rates. Therefore, Dacheng Fund pointed out that does not rule out Central Bank will raise interest rates again in the near future, but given the slow pace of economic growth is down, believe that deflationary policies be drawing to a close. Future macroeconomic policy entered a period of observation, further tightening is unlikely or not soon relaxed. In the case of stock market as a whole currently undervalued, decreased market space is limited.
About forthcoming interim results will be an important factor in the unit's future trend. Southern Fund Chief policy analyst and Fund Manager Yang Delong said: "Statistical Office of the Central Bank in May economic data are released a few hours after raising the deposit reserve rates, maintain the rhythm of the up-once a month, to reclaim the excess liquidity, prevent further inflation rise, expectations of lower interest rates in the short term, but given the situation of inflation continues to rise, and could not therefore rule out interest rate possible. "He believes that in the short term, inflationary pressures remained high, preventing inflation remains a primary task of monetary policy, see trend decline in the inflation front, to controlling inflation as its core policies do not relax. Since the June low base last year, most carryover effect on inflation in June this year, expect further June CPI to rise, may meet the inflation of a vertex, then slow down. May purchase price indices published before more substantial reduction, indicating inflation expectations may change, domestic demand fell, it reduces the non-food factors per cent in the second half. Therefore, after annual inflation trend is still high and low, corresponding policy is more or less relaxed in the second half.
Meanwhile, Yang Delong analysis in the short term, the market will remain volatile building trend at the end of. Configuration/funds/funds or increase the focus on market share since the beginning of April, the market fell fell over, in particular small and medium-sized caps but also fell sharply.
Industry research shows that many Fund or have increased market share, configuration of a cyclical industry. Shanghai securities funds research centre believes that, judging from large and small-capitalization style, May have funds gradually increase its market share configuration, share market share gradually higher. Judging from the history data, by the year 2010 three quarters of small-capitalization stocks continued to show strong, while market shares become the object of adjustment, estimation can be seen on the market shares of the Fund by gradually reducing the configuration of, the market share funds ratio remained low.
Beginning of 2011, as underestimated the value of the market blue chips get investors favor, also gradually improve the allocation of market shares of the Fund, Fund share increased market share. "From a cyclical style view, funds so far in early May substantially increase the allocation of a cyclical industry. Historical data from 2010, the first three quarters of food and beverage, pharmaceutical and biological products such as weekMore prominent sex industry performance, Fund follows market style wheels, significantly increased non-cyclical industry profiles (quarterly configuration, we can see from the Fund), cyclical industry Fund share gradually lower. First quarter of 2011 fund allocation for improving cyclical industries as a whole, it can also get support from the funds reported in the first quarter of.
"Shanghai Securities analyst Li Yan thinks.
However, the style adjustment fund, or with a certain lag, this lag describes Fund homeopathy on the one hand and, on the other hand when the Fund's overall control bunker in response to market-style transformation, the market's style has been or will be strengthened, renewed. Tasting energy infrastructure/Invesco great wall Fund/Fund Manager: Yu Guang established: October 20, 2009 year income:-7.86% comments: the fund performance were relatively robust since the second half of 2010, net growth rate forward. The Fund is good at layout in advance, such as a layout of four quarters last year ahead of the financial, real estate, cement and building materials industries, especially this year, the cement industry was once the Fund's contribution to the net.
Since the second quarter, from a net value of the Fund's performance continues to be relatively resilient. Guangfa Grand Fund Manager: Zhu Jian, Guoqiang Wang set up time: December 03, 2003 earnings during the year:-9.99% comments: the level of the Fund have long stock positions more than moderate positions to control the level of control and adjustment through stock investment risk.
Zhong Lu and fund research center believes that style is more active on in the operation of the Fund, adjustments to the configuration of the more frequently. Cathay Pacific valuation opportunity Fund Manager: Zhou Guangshan, Cheng Zhou, Yu Rongquan set up time: February 10, 2010 earnings during the year:-23.11% comments: Cathay Pacific valuation enterprising greatest advantage is its high leverage, Cathay Pacific valuation ahead twice times the initial leverage, namely Cathay Pacific valuation opportunity Fund net growth rate of about equal to twice times the growth rate of the net value of the Fund. Haitong securities (600,837, unit) that the build process by the end of current market turbulence, active stock selection ability of the Fund is expected to achieve a good return, Cathay Pacific higher valuations and enterprising as a discount, has twice times the share of lever-type active-high risk, easy win gives investors a trading market increases revenue tools.
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