A Shares May Join Overseas Funds Brought By MSCI

Since the Spring Festival, the red share market of A shares has continued. In recent trading days, the Shanghai Composite Index has stood on 3200 points after a few months, and has shown a good momentum.

With the recent release of the annual reports of listed companies, insiders pointed out that

Profitability will rise, and investment opportunities will be greater than last year. In this context, excellent asset managers will bring steady returns to investors.

Guotai Junan pointed out that as of February 17, 2016, A shares had 2143 listed companies announced the 2016 annual report results notice.

According to comparable caliber, the net profit of all A shares in the two quarter, the three quarter and fourth quarter of 2016 was -1.44%, 4.88%, 29.14%, respectively, and the recovery trend was obvious.

The researchers pointed out that

On the one hand, the price of consumer goods is at a moderate price rise of CPI. In view of the lagging effect of price adjustment in the consumer goods sector, the rate of improvement is likely to continue. In addition, the manufacturing industry in the middle reaches is still in the process of replenishment.

Yang Fei, the fund manager of the mixed fund of the Cathay Pacific industry, believes that the A share market in 2017, from valuation to profit, is greater than risk.

In the investment strategy of the new fund, in 2017, we will continue to pursue the investment concept of growth stocks with high industry value, reasonable valuation or even underestimation, and look for companies with low expectations from bottom to top.

In the future, it will look for growth stocks in several industries with high prosperity in medicine, commerce, optical communications and environmental protection. In addition, the value chain such as steel and other cyclical stocks, trade retail, food and beverage, and state-owned enterprises benefit from policy oriented reform.

There will be a small amount of configuration.

It is reported that the proportion of Cathay Pacific industry stock investment in the assets of the fund is 0%-95%, of which the investment proportion of the industry theme securities is no less than 80% of the assets of the non cash fund.

The fund will focus on the business cycle, improve the industry and select high growth enterprises.

It is worth mentioning that Yang Fei managed Guotai Jinlong Industry mixed in 2015 and 2016, and reelected the partial equity hybrid fund (stock cap 80%).

Market analysts pointed out that based on A shares into a sustainable profit recovery cycle, coupled with the expected warming, incremental funding and other multiple factors resonance, 2017 investment opportunities or greater than 2016, in this context, the industry boom cycle as the investment logic of fund products is expected to become a nugget weapon.

With the curtain opening of the annual reports of listed companies, the institutional investors who represented the fund at the end of the fourth quarter of last year were more clear in their positions. On the one hand, the fund continued to reduce some GEM stocks.

On the other hand, the fund continues to increase stocks and other stocks.

Yang Delong, chief economist of Qianhai open source fund, also said that he preferred Shanghai and Shenzhen 300 stocks and traditional "white horse stocks".

Most of the funds coming from the future market will be long-term funds, such as pensions and A shares may be added to overseas funds brought by MSCI.

These funds generally like value stocks, which may become the main driving force for the change of market trend.

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