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Collective Fund Lightens The Stock Market, And Focuses On The Gem After The Stock Market.

2013/10/13 19:31:00 17

Market Stock Market Growth Enterprise Market

all kinds of uncertainty factors 
There are many factors for the uncertainty of P > international and domestic problems, and let a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > public fund < /a > be cautious. 
 International, the biggest worry for the market is whether the US QE withdraws. However, the monetary policy statement issued by the Federal Open Market Committee (FOMC) announced that it would wait for more evidence on economic activity and employment market conditions before adjusting the size of the asset purchase plan. 
 analysts believe that the FOMC conference in September did not announce a reduction in QE size, which exceeded market expectations, reflecting the Fed's cautious view of the economic outlook. In addition, Bernanke did not hint again about the timetable for shrinking the purchase plan in the future, nor did he predict the policy threshold of the unemployment rate, showing the uncertainty of the US monetary policy in the next stage. 
"P >" the United States is likely to withdraw from QE within a year. The exit way and rhythm are the key to the global market. QE withdrawal will form a short-term impact on emerging markets, and A shares may also face short-term capital outflow pressure. Because of the "a Damour Classid=101112107107" > QE < /a > exit, "the sword of Damour and Chris" has not yet fallen, there are many uncertainties in the news of the National Day holiday, and many institutional investors are more cautious. " A fund analyst in Shanghai thinks. 
 domestic market, some analysts believe that in September the capital side is likely to be better than expected. This is because the central bank and major financial institutions have experienced the "stress test" at the end of June, and have adopted relevant measures to deal with the possible liquidity tensions at the end of the third quarter. The negative factor is that IPO will restart the problem, especially in the case of high valuations of gem and new high index. It will still have a greater impact. Two, whether the economic data can continue to warm up. After entering September, the growth rate of power generation in the first half of September has fallen to single digits, which is far from the 16% in early August. 
 funds are mostly light warehouses waiting for .
 in order to avoid risks, the fund basically reduced the positions before the holiday. Location calculation model shows that last week partial stock fund position decreased by 2.49 percentage points, the current position is 78.42%. Among them, the positions of equity funds dropped by 2.59 percentage points to 82.70%, while the positions of standard hybrid funds dropped by 2.33 percentage points to 70.65%. Last week, the three main sectors of public funds were public utilities, information equipment and medical organisms. The top three industries were pharmaceutical, light manufacturing and chemical industries. 
 data show that the fund has relatively reduced its position since last month. At the end of last month, the average positions of equity, standard mixed and partial equity funds were 89.92%, 76.38% and 85.11% respectively. In less than a month, equity funds and partial equity funds have voluntarily reduced their positions by 7.61% and 7.21%. 
 > according to < a href= "http://news.sjfzxm.com/news/ > > Galaxy Securities < /a >, the report shows that the 5 companies with the lowest average positions are: CAITONG fund 49.97%, Harvest Fund 54.14%, state gold general fund 54.69%, Golden Eagle Fund 57.95%, and Chinese business fund 59.64%. 
 however, although the fund position is lighter, A shares fund performance is not bad. 
 this year, the stock market structure is obviously divided. The active stock fund shows the value of professional investment. It also wins a big win and contributes a lot. The statistics show that as of September 26th, 532 active equity funds have achieved an average return of 14.015% this year, of which 400 funds have achieved positive returns. As a whole, the fund company has a prominent performance. The weighted average return on the scale of its active stock investment is as high as 17.93% and 17.02% respectively, while the other top five companies, Naka Kami, South and Bo, are 15.54%, 6.79% and 2.28% respectively. In this year's structural market, many investors may earn eyeballs without making profits. 
 the top five fund companies have 20 active stock funds with a yield exceeding 20% this year. Among them, the highest yield was Yi Fang Da Ke stock, up to 42.87%. In addition, Yi Fang Da medical industry 31.14%, industry leader 24.90%, Kexiang 22.81%, Kehui 22.39% and so on. In all companies, over 20% of this year's active equity funds accounted for 183, accounting for 30% of the total number of shares. 
 post market still focus on GEM 
 it is noteworthy that in recent years, a number of economic data have been released and higher than the market expectations, the economy has stabilized situation; coupled with the FTA, land spanfer, preference shares and other hot topics of speculation, the downturn in the long term blue chips appear Jedi rebound, < a href = "http://news.sjfzxm.com/news/list.aspx Classid=101112107108" > Shanghai composite index < /a > above 2200 points. At the same time, under the stock game, a large number of funds fled the gem to make it fall into the adjustment situation. However, there are still many public funds holding a positive attitude towards the recent gem adjustment, and firmly optimistic about the subsequent structural market. 
 Chen Yangfan, manager of Xingquan light assets fund, believes that the stocks and plates that have recently been hyped have neither the advantage of valuation nor solid support. The distribution of funds between different sectors is more emotional than rational. On the other hand, since the beginning of this year, especially since the second half of the year, the gem index and Shanghai Composite Index and Shanghai and Shenzhen 300 have been getting bigger and bigger, even reaching unprecedented levels. This gap only moderately bridged convergence, the market can go longer. Therefore, phased moderate adjustments and even significant callbacks are beneficial and harmless to the long-term trend of growth stocks and gem. 
 in addition, a fund manager of a fund company in Shenzhen believes that many stocks of the gem represent the general direction of economic spanformation in the future. The fund has a high enthusiasm for equity asset allocation. Meanwhile, in the concussion market, thematic investment has become the key direction for the market to do more. The reform in the third Plenary Session of the 18th CPC Central Committee is expected to continue to lead the market, and many thematic investments benefiting from policy adjustment and economic reform will undoubtedly be brilliant. 
 "investment in emerging industries can not rely on" attracting fresh food and eating all over the world ". Growth stock investment is not a daring contest or imagination contest. Instead, it should try to use a variety of methods or common sense judgments or to get close to its true value through fundamental analysis. The future investment will adhere to the "two invariable" - "new growth" unchanged, "concentrated ownership" unchanged, concentration of industries, stocks concentrated, with "right + concentration" to get excess returns. The position not only holds the stability of the core position, but also takes into account the flexibility of the non core position. " Chen Yangfan said so.