129770871336562500_92Every journalist Lena "two sessions," the Shanghai and Shenzhen stock index rebounded after temporarily come to an end, and the adjustment to. But funds generally agreed that this round of adjustment are normal, or not very much. This week, the data show that fund little action of the Shanghai and Shenzhen stock exchanges, agency seat only occasionally appears in power equipment, electronic components, medical devices, and in the food and beverage industry.Preliminary market such as steel, cement, coal, led by gradually cooling, become the object of withdrawal of funds; food and beverage, pharmaceutical, biotechnology, and so is part of the cycle after Board consumer unit continues to ferment. In the past two weeks of stagnation in the early consumer themes Fund net worth rose sharply, catch up with the trend. As disclosed in the annual report, quarterly set incremental, low valuation and earnings growthHas become the focus of the Fund's current interest. Beginning of flat consumption unit, underestimated the value of brokers ' plates, and so become a haven for many funds. In the midst of this, property stocks continued to be part of the fund managers optimistic about. Care of Fund operations this week, Shanghai week fell more than 2%. Dynamics of large stocks into blocked stock index further down, the early hot waterMud, coal, nonferrous metals, and the apparent entered a period of adjustment. According to data from the Shanghai and Shenzhen stock exchanges, not many seats on the body this week to show his face, appears sporadically in the stocks, buy less overall, displays the transaction is not active in the market, fund actions care. Seats on the body of the industries involved, this week seats appeared in electrical equipment, electronic components, pharmaceutical, biotechnology, food and drinkIndustry, and the industry is not the market rebounded this year's hot. Chief of the electronic component sector in the new party lighting (300,301, closed at $ 22.3) favored by the institution. There are 3 seats on the agencies buying on the first day Wednesday, buy amounting to 11.6714 million Yuan, on Thursday and Friday also has agencies located in the buyer's seat in a row. Instead
diablo 3 gold, Selling and no one in the party appeared. This week in the pharmaceutical, biotechnology sector's three noble bio and companies to choose to buy. Food and beverage stocks performed well overall in the near future, the main consumers funds also rose sharply, although in some high rise of stocks also fell. Shui Jingfang (600,779, closed at $ 24.74) in week 41 impact daily limit, Sold on the day the first four digits are the main force coming from institutions, amounts sold total of billions of Yuan. Green Highland barley wine (002646, closed at $ 25.38) on that day were four bodies shipped. Bright China holding
tera power leveling, investment and energy gain too large of a unit is the recent institutional selling. Continuing structural market de Saint Fund believes that stocks shock fall, basicAdverse factors have played a leading role. HSBC PMI index hit 4-month low, indicates that the economy is still in a free fall in the channel and sharp rise in oil prices is worrying the market. However, the economic daily news reporter learned that, rebounded in the basic so far this year, or after the end of consensus, public fund generally agreed that at present market rates and not be too large,Valuation structure differences evident in background, two cities there will be structured in the future. Days governance Fund (micro-blogging) that the macro data of March and annual report will confirm the economy is still in decline, and speed may be expected. Although the enterprises reduced the demand for loans, resulting in macro-mobility is relatively loose, but lacks a strong catalyst in the stock market, which lacksSpent money effect case, should not expect these funds to flow into the stock market. At the same time, relax monetary policy and fiscal policy are very slow, economic and stock market formation cannot be supported. Sea Fortis Fund (micro-blogging) published the latest bi-monthly policy report: after continuous rally since the beginning, the market has basically been fixed upfront for external economic and domestic real estate marketPessimism is expected. Future market fundamentals do not match the expectations and the reality of the probability or grows more market volatility. Market adjustment pressures in the short term, but limited space for stock index down; consolidation trend remains up after. "In fact, the early trend mainly under the influence of Wen's press conference, capital markets began to zoom in effect。 But the stock market's performance does not depend on what was said, but depending on what's going on. Only from the perspective of Monetary liquidity, China is still working on more generous monetary policy. Therefore we judge a stock market risk as a whole is unlikely, but the structure appears on the differentiation. "Bo Shi Guowu investment managers said. Guangfa Fund (micro-blogging) on future judgment is more optimistic.Given the economic fundamentals, the policy environment, fluidity and directional change sentiment has not yet occurred, but at present all a-share earnings (TTM) 13.88 times times, CSI 300 per cent, still in the valuations low, therefore judge the rebound since 2,132 points will remain. In fact, judging from fund operations this week, general trend is the position of the waterA rise that base (micro-blogging) Gold or that the economic downturn has not exceeded expectations and resulting policy substantive relaxation still can look forward to space. Fund basic steering system performance of particular positions on the light lifting position, that judgment to favor optimism on the market this year as a whole has become mainstream. Underestimate the value and performance stability is the main line in addition, the economic daily newsReporter on a number of members of the Fund investment and research to understand that, for the upcoming annual report and quarterly focus publishing, Fund General revealed his concerns. So in addition to blue-chip stocks outside the depth of mining, stands nearly two weeks of some of the largest consumer stocks and financials were repeatedly mentioned by Fund. "With the annual report and quarterly reports may increase the market worries about corporate earnings growth, compare insuranceIs early stagnation of consumption, there are growth industries identified more. "A Fund's investment Director in Shanghai said. "Consumption has been the focus of our configuration, worthy of four quarters last year, we are not concerned about a certain class of industry, but the performance of stocks in a specific industry. This year is the same industry, stocks will be very different。 "A Fund's Research Director in Shenzhen told the daily economic news reporter. Specifically, sea Fortis Fund considers, based on the recovery of the economy bottoming expected relatively bullish on upstream industries such as raw materials, coal, non-ferrous, and downstream industries such as automotive, home appliances, consumer. Due to the rebound in real estate transactions have not been conducted to upstream developers of investment, so the cement, construction machineryIndustries are still maintained in the Middle, building materials and other care. "In the industry sector, we focus on three directions. First is the consumer industries, optional in the consumer goods and retailing concern, essential consumer variety of food, beverage and agricultural concerns. The second direction is a non-banking financial sector, changes in China policy will lead to new development opportunities in these industries,Such as brokerages. The third direction is the low valuation of blue-chip stocks
tera power leveling, poor performance of stable growth, because of policy reforms expected, coupled with regulatory attitude a firm support, is expected to appear more independent movements, you can focus on electricity and transport. "Shi Guowu further said. Covers a broad range of consumption as well as traditional food and beverage sector, has also in recent years has been the Fund concernedUpgrade concepts of consumption. Silver meeting the acting Cao Jianfei most bullish on emerging consumer fund managers, "such as the consumer electronics industry, generation y, generation lifestyle now belongs to the enjoyment, acceptance of their new ability is strong, such as smart phones, Tablet PCs, and so on. In this round in the mobile Internet revolution, China as a manufacturing powerhouse, from which it was bornExcellent listed companies ". Full run-Zhang Huiping rating Fund Manager on the daily economic news reporter, looking real estate, brokerage and consumer units for the whole year. In her view, ease housing policy should this year than last year, but was really relaxed may be later than we expected, but will continue to appear throughout game of Central and local government opportunities. "Traditional HouseEnterprises in the field of intelligent television can eventually benefit from it is still hard to say, home appliance industry is manufacturing nature, is not a real consumer unit. Recovery depends on real estate sales in the end can lead to sales growth. Overall investment opportunities in the pharmaceutical industry should have passed, a unit of differentiation is more obvious. For companies in this area, may need to be more concerned about their productsAnd marketing as well as extent affected by the policy, and other factors to consider. In comparison, the more optimistic about the advantages of traditional food and drink. "She said. Guangfa Fund also said that the optimistic about valuations in consumer industries with a comparative advantage, and earnings growth of financial stability, power, home appliance industries. · funds decreased by inverse Fund positions index increase in warehouseBy reporter Li Nade Research Center monitoring results show that although the market fell this week, the Fund has continued to increase warehouse operations of the week before this week, average positions rising trend, and top holdings also climbed to high 40% percentage of the Fund. Unit base positions increased steadily from the German Fund Research Center monitoring data shows that as of March 22, stock fundsAverage position to continue to increase over the previous week. Comparable weighted average active equity fund positions to 84.66%, rising over the previous weeks 1.55%; share weighted average positions of 79.72% of mixed type Fund, increased over the previous week by 1.31%; configuration mixed Fund's weighted average positions 72.64%, increased over the previous week by 1.75%。 At the same time, measured during the CSI 300 index basic collection, after the deduction of the passive position changes, partial stock fund initiative to increase more significantly. From a different scale, large, medium and small three kinds of size of weighted average stock fund positions has increased significantly. Medium of which gallon maximum, 82.62% weighted average positions, increased over the previous week 17%. Increased warehouse momentum continued data further showed that mainstream holdings of the Fund went on for weeks before the operation this week, but efforts to increase slightly. After deduction of passive position changes, 232 Fund initiative to increase more than 2%, 63 of which initiative to increase bunker more than 5%. Jiancang funds weeks before and the number of basic, active jiancang 71 funds siteOver 2%, of which 20 funds active jiancang over 5%. Fund position is displayed horizontally, position is higher than 85% than 42.26% 's top holdings Fund, increased sharply over the previous weeks 5.32%; positions of 75% per cent in the number 22.26%, micro-percentage down 0.65 percentage points; size medium funds accounted for 13 per cent.71% – the significant downward trend, and position light or light warehouse funds accounted for 21.77%, was down slightly. From specific funds, as the light warehouse facility increases warehouse, the dramatic decrease in the amount of the Fund substantially increased warehouse this week. Some Fund positions of levels up quickly from around 70% to 80% above, that part of the funds are mainly small and medium-sized companies, Such as the Golden Eagle, sea, fidelity, such as Guo Hai, Yasunobu. Large fund companies Fund positions change is relatively small, and generally in high level positions. Jiancang Fund, capital preservation fund jiancang significantly this week, for the phased return POT to highlight different operation styles, such as capital preservation, Yinhua capital preservation, preserve capital of Jin, etc. In addition, some top holdings Fund selectJiancang.
Positions from nearly two months of Fund operations, however, funds in the short-term effect of increase or decrease in warehouse poorly against short-term effects of the increase in warehouse questionable; top holdings under the Fund is close to high 50% percentage, weakening the influence of positions in operations of the Fund, whether forming a reverse index effects of short-term market concerns. SINA declared: this message is reproducedSINA's media partners, SINA posted this article for the purpose of passing more information, does not mean to endorse their views or confirm the description. Article content is for informational purposes only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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