The Theme Fund May Gradually Increase Its Position In The "North Hot South Cold" Opportunity.

Before the opening of Shenzhen Hong Kong Tong, a number of public fund companies began to actively layout Shenzhen and Hong Kong.

Since the opening of Shenzhen Hong Kong and Shenzhen Stock Exchange, Shenzhen Stock Exchange has accumulated a net purchase of 12 billion 242 million yuan, and Hong Kong stocks have accumulated a net purchase of 3 billion 484 million yuan.

Shenzhen Hong Kong Cross Border cross-border capital flows showed a net inflow trend, with a net inflow of RMB 8 billion 758 million yuan, and the "North hot South cold" was obvious.

Market analysts pointed out that with last week's stock debt crash, the "northern heat" continued lack of momentum, Hong Kong stocks are expected to increase activity, when the theme fund may take advantage of the gradual increase.

In the past November, the new Shanghai Hong Kong Shenzhen thematic fund was set up in the market. The number of Shenzhen Hong Kong Shenzhen fund established since the fourth quarter has exceeded the first two quarters of 9.

Since November, Huatai new economy, Shanghai and Hong Kong, Qianhai open source, Shanghai and Hong Kong's deep value selection, Haifeng Tong Shanghai Hong Kong Shenzhen, HSBC Jinxin Shanghai Hong Kong Shenzhen A, financing Shanghai and Hong Kong deep wisdom life and so on have been established.

According to the "2016 fund raising application application form" released by the SFC, as of November 25th, 13 Shanghai and Hong Kong Shenzhen funds are still applying for issuance and waiting for the raise phase, and the fund's intensive establishment or acceleration of capital investment in Hong Kong stocks.

From the current performance, the subject fund yield ranking information shows that as of December 19, 2016, the average yield of Shenzhen and Hong Kong Shenzhen theme funds ranked sixth, with an average yield of 1.60% this year, but the average yield in the past month has been -1.48%.

Among them, Qianhai's open-source Shanghai Hong Kong deep theme fund has the largest number and its performance is in the front.

In the first three companies, Qianhai's open source, Shanghai, Shenzhen and Shenzhen new opportunities mixed fund has a monthly yield of 2.25%. In the past month, Shenzhen and Shenzhen Shenzhen enterprises grew by 0.8%. Qianhai's open source Shanghai Hong Kong Shenzhen Huixin hybrid C was 0.37% in the past month.

From the data point of view, there is no "Hong Kong and Shenzhen" theme fund with strong absorption of gold and immediate results in performance level.

However, Wang Qunhang, director of the Jinxin fund evaluation center, said that the opening of Shenzhen Hong Kong Tong has only added a new trading channel on the basis of Shanghai and Hong Kong, and there is no other special direct effect that can raise net value.

In the light of

At present, the "North hot South cold" situation, fund managers generally said that because of the current bond and A share market crash, plus some A shares themselves valuation has been very high, in the long run, "North hot South cold" phenomenon may reverse.

"At that time, the activity of Hong Kong stocks is expected to increase, and agencies will also welcome opportunities for opening positions."

The recent decline in Hong Kong stocks has fallen from 24000 points to 22000 points, but overall, there has been no small increase since the low point of the year.

Data show that between February 19th and December 19th this year, the Hang Seng Index rose by 13.48%, surpassing the Shanghai Composite Index's 9.02% gain over the same period.

Institutional analysts believe that Hong Kong stocks are still more likely to maintain the rally.

It is also understood that at present, the target of Shenzhen stock exchange is 881, the Hong Kong stocks are 417, and the Shenzhen stock exchange standard is totally different from Hongkong investors, which is totally different from that of Shanghai and Hong Kong. It is a new 881.

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According to the analysis, a large number of shares overlapped with the Hong Kong and Shanghai stock index.

"This has also led to the fact that Hong Kong stocks are not willing to buy at all."

A fund manager of Shanghai Hong Kong Shenzhen theme fund, Shenzhen, said that Hong Kong stocks still invest through Hong Kong and Shanghai stock exchanges. The proportion of Hong Kong stocks in Shenzhen and Hong Kong is relatively low in the short term.

"Because the market is declining now, the whole position is still very low.

With the improvement of the Shenzhen and Hong Kong links in the future, the proportion of Hong Kong stocks allocated to Shenzhen Hong Kong Tong will become larger and larger.

He said.

At the same time, some fund managers believe that the market will still have a risk of falling in the short term. "But if we drop more in the future, we can add our positions faster."

According to fund analysts, the Hang Seng Index or hang seng index is still larger than the high point when the Shanghai and Hong Kong opened in the two quarter of 2015.

Secondly, many Hong Kong stock companies have good profit growth and interest distribution capabilities, and the valuation is at a reasonable level. The future investment value is still worth noting.

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Wang Haoyu, the fund manager of Shanghai Hong Kong Shenzhen Smart Life fund, said that he would focus more on cheap and growing stocks.

Reflected in the industry, Wang Haoyu believes that Hong Kong stocks in cultural consumer stocks, TMT stock potential opportunities.

At the same time, he is also concerned about some stocks in the post railway era, and thinks that the theme of infrastructure will be the main direction of the hot deployment in the coming period.

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