Fund Company: This Year Or Back To The Blue Chip Era

The stock market has just gone through the mud and sand in 2011, and in the Shanghai stock index fell 1.37%, the Shenzhen composite index fell 2.50% of the gloomy situation into 2012, which made the market improved in 2012 market.

First quarter or current policy bottom

Analyzing the reasons for the poor market performance in 2011, the Celestica Fund believes that inflation and policies have repeatedly exceeded market expectations, while the economic and inflation decline has not yet been able to materialize. In addition, the financial situation is extremely tense. The situation of "usury" has hurt both the economic reality and the capital market.

If the policy continues, the stock market in 2012 is also difficult to pick up.

Morgan Stanley Huaxin Fund believes that the risk of serious deterioration of the stock market in 2012 comes from two aspects. First, the European debt crisis is out of control. Two, the domestic real estate policy has been strictly controlled, leading to a real estate adjustment exceeding expectations, leading to investment and economic downturn.

Celestica Fund said that the two most likely opportunities for 2012 were the end of the first quarter and the end of the two or three quarter.

If there is any sign of loosening of policy before and after the first quarter, it is possible to make appropriate tactical allocation of stocks that are absolutely cheap.

Morgan Stanley Huaxin Fund also believes that

Blue chip sector returns to fund vision

When the market valuation has reached a low point and the policy has been relaxed, the big blue chip sector, represented by banks, will return to the fund's perspective in 2012.

Morgan Stanley Huaxin Fund believes that this year's noteworthy investment opportunities, the preferred low value PE and low PB plate, such as financial markets.

The southern fund also said that the key industries in 2012 were banks that benefited from policy easing, followed by construction machinery, white goods, automobiles and other manufacturing sectors.

Meng Liang, manager of the financial and real estate index fund of UBS Shanghai and Shenzhen 300, said that the performance of the financial real estate index may be better than that of other industries this year. On the one hand, the performance of financial stocks represented by banks is more determined in the first quarter, and it is particularly prominent in the background of larger growth pressure of other industries. On the other hand, the management has released a clear policy adjustment signal at present, and the situation of liquidity tension has been relieved at the margin, and the possibility of further easing has not been ruled out. This will play a positive role in stabilizing the market, especially the valuation and repair of financial stocks.

In addition, beginning this month, the annual reports of listed companies began to be disclosed. The South Fund believes that investors can focus on the stocks whose performance exceeds expectations.

In addition, the first quarter is often the time when credit is concentrated. We should pay close attention to the change of funds. If liquidity is improved significantly, the trend of unilateral market decline is expected to change.