Nearly 300 Funds Are Almost Empty.

In August 4th, the market rebounded sharply. In the face of such a strong rebound, statistics show that there are still 295 fund net changes of less than 1%. Data show that these funds are very low or even zero positions.

If the size of the fund is calculated at the end of the two quarter, the fund size of the fund will exceed 1 trillion and 350 billion yuan.

At the end of 7, the market collapsed again, and the market was in a state of turbulence.

What is the current state of the public fund as the main market? By comparing the recent market trend and the net value of the public fund, the reporter found that nearly 300 funds were almost in empty positions, and the total scale of the fund management was over trillion yuan, including the five giant products of the 200 billion yuan by the certificate company.

That is to say, at present, public funds have trillions of dollars in hand, and these "ammunition" can be invested in the stock market at any time.

Nearly 300 funds are almost empty.

Compared with the market view published by fund managers, by tracking the change of net value of fund products and combining with the data of fund positions calculated by market changes, it is possible to infer the true judgement of fund managers to the market accurately.

Reporters compared with the two day fund net value changes in July 27th and August 4th, many

It has been operating in very low positions and even empty positions.

In July 27th, the Shanghai Composite Index fell 8.48%, the largest single day decline in 8 years, representing a 7.4% decline in emerging industries.

Statistics show that in such a tragic market, in the more than 1100 active managed public fund products, there are still 294 fund net changes of less than 1%, and there are no changes in the net value of 85 funds; in August 4th, the market rebounded sharply, the market was up 3.69%, and the gem rose 6.12%. In the face of such a strong rebound, statistics showed that 295 of the fund's net worth fluctuating by less than 1%, and 107 of the fund's net value remained unchanged.

Over the past two days, the fund's net value changes show that the positions of these funds are very low and even tend to zero positions.

Nearly 200 of the above 300 light and even short positions are newly established new funds since the two quarter.

If the size of the fund is calculated at the end of the two quarter, the fund size of the fund will exceed 1 trillion and 350 billion yuan.

According to the calculation, the funds with very low positions are available for fund managers to control "ammunition" enough, except for some bonds, which can be used for stock investment or more than one trillion yuan.

It is worth mentioning that the five major products of 40 billion yuan were set up by the fund company. The first two products were mixed with China's new economy and the new fund of Castrol. The fund was launched in July 13th. The net value as of July 31st was 1.002 and 1.004 respectively. During the period, the market and the gem fell by 7.72% and 5.34% respectively, indicating that the two products were very light.

The other three products established in July 31st were unable to see their positions even though they did not disclose their net value once a week.

A fund manager in Shanghai said, "in the above empty warehouse fund, a small part is the newly established new fund.

After the pause, these funds have no positions and the scale has also dropped. "

However, he said that due to the loss of liquidity at the end of June, investors redeemed sharply. At that time, it was already at the low point of the fund scale. In July 9th, when the market rebounded rapidly, there were many new funds to purchase, and the scale of fund assets management increased. The current scale of fund management should not differ from that at the end of June.

Tentative fund positions for Blue Chip Fund

Judging from the recent changes in net value, with the further decline of the market, some of the blue chip funds that had left the market before the big crash in June have begun to build positions gradually.

Taking the UBS beautiful China fund as an example, from May 7th to June 2nd, in the less than a month's time, the net value rose sharply by 40%, and the net value began to change little since June 2nd. Until July 8th, when the market began to rebound suddenly, the net value of the fund began to rise again.

Data show that the fund's net value fell 2.07% in July 27th and 1.58% in August 4th. Compared with the above two day market changes, the fund's position slowly showed that the position of the fund was rising at about 40%.

A new hybrid fund for the emerging industries of the silver river AXA, which opened early in May 12th, was nearly doubled in the year to May 12th, and then began short positions until about July 20th.

Low position fund waiting for opening time

When will the fund managers, who are holding low positions and holding heavy funds, add positions? This is very important for the coming market.

A number of fund managers interviewed by reporters said that the market has experienced a sharp decline in the previous period, and now has the opportunity to absorb high-quality stocks. "After the crash, some companies' share prices have fallen back to the bull market, and the time has come for re intervention."

"The market has undergone a sharp adjustment recently, and the risk appetite of investors has dropped sharply. Many investors have become too fearful from the earlier greedy greed. They will sell or redeem the fund once they are in trouble. What is lacking in the market is not capital but investor confidence."

A research fellow of a fund company in Shanghai said.

The investment director of a fund company in the south said that when the market is going well, the factors of the game will be stronger. In the current low market sentiment, the fundamentals of the company are more important and pay more attention to the certainty of return. "The company that is optimistic about itself can fully cover the current valuation as long as the company releases its future performance. Unless investors redeem the passive sell, they will not sell it for a long time and will hold it for a long time until the final performance is realized."

In recent interviews with fund managers, it seems that some public private placement positions have fallen to a low enough level, coupled with a trend towards a risk-free interest rate that supports the market for a long period of time, and the trend of slant investment in household assets to equity investments has not changed. The market has limited space. From the perspective of long-term investment, the quality of stocks that are well supported and supported by actual performance is still very large.