Stock Investment Estimate: About 400 Billion.

The figures released show that as of the end of August 2015, the number of equity funds and hybrid funds in open ended funds was 569 and 1061 respectively, with a net value of 724 billion 805 million yuan and 1 trillion and 779 billion 321 million yuan respectively.

It is noteworthy that, at the end of 7, stocks and mutual funds were 805 and 779, respectively, and the difference was mainly due to the pformation of many equity funds into hybrid funds in August.

Insiders told reporters that, regardless of public offering or private placement, fund managers did not have strong timing ability. The real ability to invest in stocks was stock selection.

So, those funds with lighter positions or not yet started to build positions, which industries will be targeted by 400 billion of the bullets?

From the above data, it is easy to find that the scale of equity funds and mixed funds totaled about 2 trillion and 500 billion yuan, accounting for 37.7% of the total assets of 6 trillion and 640 billion yuan.

So how many of those 2 trillion and 500 billion have not yet come in to sweep the goods?

Since equity funds require stock positions to be no less than 80%, then according to their 6 months' inventory period, the "bullets" basically used by equity funds established before the end of March 2015 have been few.

In April, ~7 month coincided with the new fund intensive establishment stage, so the number of new "bullets" remaining since April is obviously more noteworthy.

Data show that since April, the newly established

A total of 495, a total of about 1 trillion and 90 billion shares issued, including 154 equity funds, 207 billion shares issued; mixed type 265, issued 815 billion 200 million shares, stock and mixed cumulative cumulative share of about 1 trillion and 20 billion copies.

However, many of these hybrid funds are mainly new.

According to incomplete statistics, more than 110 hybrid funds have been involved in the new ~6 fund in April this year, and these funds do not include funds ready to fight for new but not enough time to participate in mid 6.

According to incomplete statistics from reporters, the size of the funds above 110 has only been recorded for 400 billion yuan.

If we exclude new funds that are less than 30 and the benchmark of performance is not the interest rate of bank deposits, the more authentic new funds will be about 210 billion yuan, plus those funds established before and after the middle and late 6 months and the benchmark of performance for bank deposit rates. Then, the scale of the new fund issued in April ~6 will be almost 250 billion yuan.

That is to say, in about 590 billion hybrid funds issued in April ~6, the real possibility of entering the two tier market should be around 240 billion.

It is noteworthy that most of the latest net worth of hybrid funds, which are most likely to enter the two tier market, are concentrated in 0.7~1 yuan. If the overall position is estimated by 5 percentage, there should be about 120 billion yuan of off site funds.

In addition, many equity funds set up in ~6 month in April have already been substantially built. From the net value performance, we can see that the stock fund established in April ~5,

Most of them were concentrated in 0.5~0.7 yuan, while most of the funds established in June were concentrated in 0.7~1 yuan.

According to the decline of Shanghai and Shenzhen 300 index in June to more than 30%, it is presumed that the positions of stock funds in April and May should have reached 7~8, and the average positions of equity funds established in June should be 5~6. If the total amount is 6~7, then about 70 billion yuan will be left in the stock fund of 207 billion yuan.

Combined with the mixed fund's 120 billion yuan, there are still 190 billion funds left for the whole.

240 billion more equity and hybrid funds issued since July, and most of these funds have not yet started to build large positions.

Therefore, even if the fund is estimated to be 9, it will be subtracted from the 10 billion performance benchmark, which is a mixed fund of bank deposit rate.

So optimistic estimates, since July, the remaining "bullets" should be around 200 billion.

Plus the estimated value of 4~6 in the month of 190 billion yuan, roughly 400 billion of the bullets will be ready for sale.