A Shares And Hong Kong Stock Funds Have A Long Day.

As for the investment of Hong Kong stock funds, it is still time for domestic fund to increase the allocation of Hong Kong stocks. Therefore, the QDII fund has become the main beneficiary of this round of structural opportunities, and the growth of Hong Kong stocks is limited after the Shanghai and Hong Kong shares have been released to sea. This round of stimulus is expected to drive the performance of the related funds rapidly.

According to the data of Desheng fund research center, as of April 16th, the position of the partial equity fund position slightly changed, which was 90.74% higher than the weighted average position of the active equity fund, up 0.31% compared to last week; the weighted average position of the mixed equity fund was 86.52%, up 0.30% compared to last week; the weighted average position of the mixed fund was 75.40%, up 0.25% from last week.

From the perspective of specific funds, most of the increase and decrease positions are growth style funds, among which the funds for newly emerging industry investment are lighten up obviously, showing that fund managers are growing more and more divergent.

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The fund began to increase gradually, reflecting the gradual increase of fund managers' allocation of blue chips.

since this year on

Accelerate the rise, the fund's money making effect rapidly fermented, attracting all kinds of funds have borrowed "base" into the market.

The opening of the fund is comparable to that of 6000 points. Meanwhile, 177 new funds have been issued or established during the year, and the total scale has exceeded 300 billion yuan mark.

Over the past three years, the A share market has seen billions of partial equity funds, showing that the enthusiasm of the capital market has continued to grow.

28 in the first quarter of this year.

Good results were achieved, with 9 returns exceeding 10%. With the fund's money making effect showing and fund managers' recognition of the bull market, fund companies also staged "speed and passion" in product distribution.

From the point of view of type, the configuration of flexible control warehouse is still the main product of fund company.

For the new development fund, thematic products are still popular, involving multiple concepts such as environmental protection, pension, Internet + +, and investors can choose according to their own risk preferences.

At the beginning of April, the favorable policies from the SFC and the CIRC pushed the investment of Hong Kong stocks to the cusp again.

Public funds and insurance institutions have entered the Hong Kong stock market, making Hong Kong stocks investment warming again after the Shanghai and Hong Kong Exchanges.

This week, fund performance continued to rise with the strong market, with the fund issuing hot. The scale of the fund raising has exceeded 300 billion yuan during the year. A shares and QDII funds all show explosive growth.

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The Nikkei stock index of Tokyo's stock market once exceeded 20000 points mark on the 10 th of this month, hitting the highest level in 15 years, more than doubled when Ann Bei Jin three became Prime Minister of Japan.

The government stressed that the boom in the stock market showed the success of "Andouble economics".

For this reason, many economic experts believe that the stock market boom is mainly driven by loose monetary policy and pension funds entering the market. It is hard to conclude that "Andouble economics" is successful.

After Andouble became prime minister again, he adopted a series of financial and fiscal policies to stimulate the recovery of the economy.

Thanks to the sharp depreciation of the Japanese yen, the export oriented enterprises, which are mainly listed companies, have increased exports and improved their operating conditions.

Japan's economy began to turn up and rise by 1.5% in the fourth quarter of last year.

The government has recently raised the basic assessment of the economy. It is believed that the negative impact of the excise tax on the economy has gradually subsided, and the business environment has been improved, and the export of commodities has gradually resumed growth, with a moderate recovery in the overall economy.

In anticipation of economic recovery, investors entering the stock market are increasing, and export oriented automobiles, electronics and construction machinery, special materials, and information and communications industries are being sought after.

At present, the stock market value of Japanese individual investors has increased to more than 100 trillion yen.

However, some economists believe that the role of ultra loose monetary policy and government pension funds and the central bank's role in pushing up the stock market can not be underestimated, which is the basis for giving birth to the bull market in Japan.

At the end of October last year, the Bank of Japan increased the amount of money raised to the market to 80 trillion yen.

However, the demand for real economy funds is not strong, and a large amount of excess capital flows into the stock market and the real estate market.

In addition, the Andouble administration has taken various measures to actively push up share prices.

The government's "annuity fund management uses independent administrative corporation" (GPIF) to amend the relevant regulations, the proportion of the stock purchase increased from 12% to 25%, and the maximum ceiling in specific circumstances can reach 31%.

Therefore, the scale of funds invested in Japanese stock market can reach up to about 40 trillion yen.

According to data released by GPIF, as of March 31st this year, its net purchase amounted to 5 trillion yen, and its stock market value reached 27 trillion yen, accounting for 5% of the total market capitalization of the main board of Tokyo stock exchange.

The occupational pension "mutual aid fund" of the national civil service co operative association will also increase the proportion of capital invested in the stock market to 25%.

The "simple insurance" fund of the government system has also increased the proportion of investment in the stock market.

The Bank of Japan has done more in the recent year, and has used 3 trillion yen to buy stocks.

According to Japanese media reports, the Central Bank of Japan's usual practice is that in the morning the stock market fell sharply, in the afternoon spent 30 billion to 40 billion yen funds to buy large market share market.

By the end of last month, the Bank of Japan used 5 trillion and 700 billion yen to buy shares.

At present, the Bank of Japan has a stock market value of more than 10 trillion yen, about 2% of the total market value of the main board of Tokyo stock market, becoming the second largest shareholder in Japan's stock market after government pension fund.

The registered capital of the Bank of Japan is 2 trillion and 800 billion yen, but it has reached 5 trillion and 700 billion yen, more than 2 times the registered capital.

The easing monetary policy adopted by the European Central Bank has also led to a large influx of European capital into the Japanese stock market. The net buying volume in the latest week has reached 445 billion 300 million yen.

Most securities analysts said that although the Japanese economy has improved to a certain extent, share prices have been disconnected from the real economy and have larger bubbles.

Kikuchi Ma, a securities analyst at foreign investment fund management company, believes that the current bull market in Japan is a capital driven type and does not have a solid economic foundation.

Judging from the current heat, there has been a certain degree of bubble in the stock market. If the real economy can not recover strongly, economic growth expectations can not become a reality, stock prices will not continue to rise. Once the world economic and financial situation is reversed, there will be a risk of a sharp fall.