Category: Money tips Release Date: 2005-12-17
â—?28 The essence of the phenomenon of the weakness of institutions
â—?should be cautious about some of the non-ferrous metal stocks skyrocketing
â—?show more concern for a number of the Chinese economy is associated with a company degree
â—?Do not forget the short-term interest of companies subjected to cold
â—?Investment Fund should be the preferred financial management
â—?Xie Ai-long, Fudan University undergraduate, Roosevelt University, USA MBA, worked for the Bank of China Shenzhen Branch, Shenzhen Airport, the current assistant general manager of the Southern Fund Management and chief marketing officer.
â—?Wang Hongyuan, Xi'an Jiaotong University Master Degree in Economics in April 1998 joined the South Fund for the public in 2002 studying abroad, have worked for Merrill Lynch Equity Research. The current director of the South Fund Investment.
â—?Ke Xiao New York University Stern School of Business MBA, worked at Merrill Lynch Headquarters, China Merchants Securities, now the South fund market, chief product designer.
Moderator: Shanghai Securities News Zhang Yongjun
Moderator:
Welcome to the China Securities Network "on the card first studio." This interactive topic is "how to avoid making the index does not make money," to participate in interactive guests from the South Fund.
Do not be jealous
Moderator: The recent market the new "28 phenomenon", how do you think?
Guests: the emergence of this phenomenon is due to the number of institutional investors also not be strong enough, the mainstream market funds can only be launched in a few impressive on the plate of the stock market.
Moderator: Many investors have complained that the index rose, he bought the stock did not rise, investors how to get out of this situation?
Guests: This Quotes characteristic is the "28 phenomenon" and market the majority of funds are also concentrated in these hot plates, resulting in some very reasonable and the stock has been sold, the market valuation of a group of stocks has been higher than the market level, some have been underestimated; should also be concerned about the fundamentals well, just as it is not hot and the market shares have been sold. Therefore, we should not be too jealous Niugu, forgetting its concern about underestimating species.
Readers: How to make money the stock market is difficult to solve the problem?
Guests: Since its Zuo Gupiao difficult to make money, then why do not the money to the experts, and many people do not have enough time and energy to do such a thing.
Readers: how to overcome the disadvantages of individual investors do?
Guests: Institutional investors beat the market benchmarks, better than the majority of individual investors, it should be a common phenomenon, because there is its own individual weaknesses, to overcome fear and greed will inevitably have certain disadvantages, institutions are non-natural person, be able to overcome a lot of weaknesses, be able to invest in a relatively scientific manner.
Concerned about the value of
Readers: non-ferrous metal stocks can buy it?
Guests: Over the past year, the non-ferrous metals prices rose rapidly changing international market, the price of non-ferrous metals, but it should be noted that the international market prices, the price of some varieties and the fundamentals have little to do with itself, but rather directed at the international hedge funds, we have the domestic non-ferrous metal stocks, it depends on what the non-ferrous metals, containing the investment value of what is to maintain a high degree of vigilance.
Readers: what industries should be optimistic about the future?
Guests: Now the Chinese market, there are several investment opportunities in the main line first, with the Chinese market and international market integration, on a global scale, the advantage of where you are, whether competitive. Second, at present China's economy growing quickly, concerned about the relationship between the Chinese economy itself relatively large companies, to avoid certain degree of international economic relations, a very large company, because of the Chinese economy itself is better than the world economy, and therefore more concerned about economic ties with China a large company. Third, the distinction between long-and short-term.
Moderator: how do you view A-share market valuation of the problem?
Guests: In the past in a closed market, the valuation of listed companies, needs, and international learning from each other, so that both the universal respect for international experience into account the real situation, first of all is their market value when the valuation of enterprises, mergers and acquisitions is to look at the market value of enterprises, businesses worth, on this basis is to look at PE, PB This is a cyclical industry, change is great, low in the industry, we have to use a comprehensive indicator to valuation.
Readers: Many investors track Awkwardness of Fund investors how to avoid Awkwardness of Fund quarterly disclosure may lag problem?
Guests: the fund when the investment can be divided into three types of investment, the first is the long-term investment, and the second is a hot investment in the medium term, the third is a short-term fluctuations in investment, investors quarterly statements in the analysis time depends on is not long-term investment, did not rule out short-term stock-based reform, or promulgation of a policy, while the impact. Not be generalized.
Investment Fund is a financial choice
Moderator: Now many investors worry that the fund company's services will not re-light medium and small institutional investors, starting light weight follow-up service, the South Fund is how to handle it?
Guests: Southern Fund's current customers in a large number of small and medium investors, good customer service the most important thing is based on investor demand to design products. I think that the small and medium investors fund products will become the mainstream of the South Fund for small and medium investors to consider the needs and services the most, we are concerned is that they care about what the Fund in the end, we hope that through various means, let everyone know what is Fund financial management, marketing financial means, so that everyone in the know also know that the South Fund for funds, both the popularity of the fund of knowledge, but also set a company's brand.
Moderator: index funds and general fund compared to what advantage? How to choose?
Guests: index funds and other funds is the main difference between active and passive tracking mode, but not necessarily bad passive, long-term perspective, very few fund managers beat the long-term index, index funds have investment value is, how points, how much the choice of index funds can be from a different point of view, one is the index itself, if it is the whole market index? Or a particular industry index? Or a certain style of the market? Other, the index fund itself is also very red in the last few years. ETF is an index fund is the exchange market can trade index funds, and its tradability than the general fund goes a step further and are reported in the South well-off industries in the card is the first ETF Fund Industry Index ETF, is to invest in the "Eleventh Five-Year Plan" under the key support of the three major industries, this product is quite an investment value.
Moderator: How do investors judge fund performance?
Guests: the international market funds are divided into two categories, first is to index as an indicator, and the second is a 0 as the base, and seek absolute return funds. Mainland China is currently no specific absolute return funds, so investors have two types of demand, there are some people need to do is to index, there are some people regardless of the index Change needs to have a return, so that the operation of the Fund's , the need to take into account two kinds of investor demand, but very difficult to take into account.
