Category: Money Tips Date: 2006-07-02
1,2005 in the fourth quarter, "comparable to" fund a total of 387.827 billion copies, the largest share of currency-end funds, equity funds followed. The newly established a variety of fund share of the total of 23.035 billion copies. Equity fund was established, followed by the currency-end funds. In the fourth quarter of the various types of funds a total of 27.783 billion were redeemed. Jing Shengou which bond funds, other funds were net redemptions. Monetary fund redemption largest stock funds followed.
2,2005 in the fourth quarter net income of the Fund comparable Show: bond fund profits, loss of equity funds, and lost in the broader market.
3, equity fund Masukura, but there are differences. In the fourth quarter of "comparable" open stock fund stock positions of 77.90%, 1.82% increase over the previous period, closed-end fund shares position of 72.91%, 0.20% increase over the previous period. Fund in the third quarter with the market as a whole judgments about right. Fourth-quarter equity fund Masukura mean how far the market outlook?
4, the term structure of money-end fund positions by the "dumbbell" evolved into a "bar hammer-type", that is, the term structure are mainly distributed in length from both ends of evolved mainly in the medium and long end of the short-term Quanzhong species. The average remaining duration of the fund by the end of the third quarter to 117 days to 138 days at the end of the fourth quarter of the fourth quarter to increase 21 days.
5, in the bond market highlight the risk in the process of bond funds to reduce debt position, reducing government bonds, financial bonds, corporate bonds holdings.
6, the fourth quarter, comparable stock-fund industry, distribution and change is that overweight "real estate; information technology industry; financial and insurance sector; petroleum, chemical, plastic, plastic," and other industries. Underweight "metal, nonmetal; electricity, gas, and water production and supply industry; transportation and warehousing industry" industries such as investment ratio.
7, the fund Masukura stocks with outstanding performance, more concerned about the cumulative or individual stocks. At the end of the fourth quarter of the core assets of the Fund Index (40 stocks) a change in the third quarter, the Fund's core asset stocks on the Shanghai index is less than the initial situation, since December 1 has essentially been maintained at the Shanghai index was stronger than about 2 percentage points level.
The fourth quarter before a fund Masukura 30 Awkwardness of Fund performed even better than 4 percentage points on the Shanghai Composite Index, the Fund lighten up the performance of stocks on the Shanghai index to less than 5 percentage points.
We believe that, in the quarter, a fund Awkwardness and Masukura stocks could be better to find value stocks. With the recent market performance of these stocks, we believe that shares in the fourth quarter, the fund Masukura 2005 December 1 to February 14 or 15% or less total number of stocks, such as "Huaneng Power International, Yangzi Petrochemical, Qilu Petrochemical, Yantai Wanhua, Anhui pass high-speed "The recent cause for concern. Holdings of shares of the Fund should give more consideration to investment risks.
Industry, distribution and changes in
In the fourth quarter, the comparable stock-fund industry, distribution and change is that overweight "real estate; information technology industry; financial and insurance sector; petroleum, chemical, plastic, plastic," and other industries. Underweight "metal, nonmetal; electricity, gas, and water production and supply industry; transportation and warehousing industry" industries such as investment ratio.
The Fund's core assets, Masukura stocks, lighten up the stock and its market performance
Masukura stocks perform well, more concerned about the accumulated stocks rise
At the end of the fourth quarter of the core assets of the Fund Index (40 stocks) a change in the third quarter, the Fund's core asset stocks on the Shanghai index is less than the initial situation, since December 1 has essentially been maintained at the Shanghai index was stronger than about 2 percentage points level.
The fourth quarter before a fund Masukura 30 Awkwardness of Fund performed even better than 4 percentage points on the Shanghai Composite Index, the Fund lighten up the performance of stocks on the Shanghai index to less than 5 percentage points. See Chart 9, a detailed list of stocks see Table 7,8,9,.
We believe that, in the quarter, a fund Awkwardness and Masukura stocks could be better to find value stocks. With the recent market performance of these stocks, we believe that shares in the fourth quarter, the fund Masukura 2005 December 1 to February 14 or 15% or less total number of stocks, such as "Huaneng Power International, Yangzi Petrochemical, Qilu Petrochemical, Yantai Wanhua, Anhui pass high-speed "The recent cause for concern. Holdings of shares of the Fund should give more consideration to investment risks.
500) this.width = 500 'align =' center 'hspace = 10 vspace = 10>
500) this.width = 500 'align =' center 'hspace = 10 vspace = 10>
Hot Articles Latest Articles in February 2006 Monthly Investment Strategy Report of Part VII of the strategy of the daily combat report of the SME board Nuggets topics Analysis of the daily combat report of the daily combat Denver Nuggets report Orient Securities: The Shanghai Composite Index increased in 2006 to the 1450 target bit
* Report of the East over the weekend real Nuggets Securities: The Shanghai Composite Index increased in 2006 to the 1450 target bit
* Ping An Securities: Activate the market! Continue to subject a seven kinds of mergers and acquisitions worth noting the basic strategy of rational trading in February 2006 Monthly Investment Strategy Report of the seventh element in the strategy report on the daily combat Nuggets
