Category: Money tips Release Date: 2006-05-17
Author: Qi Haibo
Harvest fund's investment strategy to a recent report of
Will be issued only one day due to excessive and came to an end the subscription of Harvest Strategic Growth Fund, leaving a bunch of "hot eye" figures: 40 billion shares, 3 to 6 months to complete their portfolios ahead of an early position raise about 30% of looting ... ... Although the new fund raising is completed 3-6 months to complete their portfolios ahead of the new fund, but tend to grab first chip to the first position to build to about 30%, and then consider the Jiancang point in time and cost.
Such a large equity funds will soon enter the court, to elect the stock is probably what investors want most to know. Harvest fund companies in the past to read research reports, four positions the fund's stocks and industry analysis, it will have to choose the broad contours of the stock.
Attention to the stock valuation arbitrage
Harvest Fund's investment strategy to a recent report, the company attaches great importance to the appreciation of yuan, assets and international markets into a two-way valuation of A shares to the opportunities. Harvest Fund, said: "The next 3-6 months, China's macro economy will maintain a high steady growth, optimistic and asset valuation arbitrage into opportunities, like the banks, real estate, airports, retail, electricity, cement and other industries." From this, we can easily see that Harvest Fund's stock-picking approach.
Awkwardness of the existing fund is still the preferred
With the 40 billion mega-fund landing, Harvest Strategic Growth Fund, a fund manager SHAO Jian has become an eye-figure. Most recently, he spoke in an interview, said that growth strategy, growth companies in China may appear in more sectors. First of all, consumption, service is one of the major industries. Second, China's equipment manufacturing industry is also experiencing a rapid development process, which is bound to a huge room for growth in the birth of a number of leading enterprises. In addition, basic industries have also brought forth many growth-oriented enterprises.
SHAO Jian can not talk about very specific, but we hold growth stocks from Castrol's performance over the past year can see their amazing rise: this year, up 112.99 percent Hualian mechanized super, Nanjing Medical 92.31%, 61.49% OCT, Wangfujing 215.94%, 226.59% Hudong Heavy.
Some analysts said that, in addition to blue chip companies, the four departments have been Castrol's Awkwardness of equity funds is still 40 billion strategic growth of the Castrol Jiancang choice.
Near term, several stocks
In the Harvest Strategy Report referred to a number of such shares can be used as investment for reference. The valuation difference between the two places: China Merchants Bank, Bank of China, Shen Gaosu, Anhui pass high-speed, Maanshan Iron and Steel shares, etc.; listed as a whole: the Port Group, Qingdao Haier, Shanghai Automotive, etc.; yuan revaluation: China Vanke A, China Merchants, Poly Real Estate and so on; directed issuance: CONBA, XJ Electric, China's heavy truck and so on.
While a lot of assets into a company not yet listed, so in the future broad market of blue-chip shares held by the fund's focus on the object.
â—?Castrol 300
Code is referred to as market value (million) accounted for the proportion of net assets (%)
600036 China Merchants Bank 1799.94 5.14
600016 China Minsheng Banking 816.45 2.33
600030 CITIC Securities 798.04 2.28
000002 Vanke A 771.93 2.2
600019 Baoshan Iron & Steel 649.66 1.85
600.9 thousand Yangtze Power 644.57 1.84
600.05 thousand China Unicom 631.63 1.8
600028 Sinopec 577.62 1.65
600,519 Guizhou Moutai 533.82 1.52
000858 Wuliangye 419.89 1.2
â—?Harvest Growth
Code is referred to as market value (million) accounted for the proportion of net assets (%)
600859 S Wangfujing 13,329.58 6.36
600,118 Chinese satellite 11,794.06 5.62
000402 Financial Street 6982.01 3.33
600,125 Tielong 6741.33 3.22
600,713 Nanjing Medical 6530.73 3.11
000400 XJ Electric 6149.43 2.93
000538 Yunnan Baiyao 5767.84 2.75
000423 S Ejiao 5557.02 2.65
600,583 Offshore Oil Engineering 5350.54 2.55
000,848 Chengde Lolo 4919.15 2.35
â—?Harvest steady
Code is referred to as market value (million) accounted for the proportion of net assets (%)
600036 China Merchants Bank 4765.31 7.37
600028 Sinopec 4727.46 7.31
000423 S Ejiao 4206.94 6.5
600,361 Hualian Integrated Ultra 3281.85 5.07
600,879 shares rocket 2964.99 4.58
600,037 Gehua 2962.26 4.58
Hualian 000,882 shares of 2612.73 4.04
600,118 Chinese Satellite 2567.89 3.97
000,069 OCT A2348.05 3.63
000063 ZTE 2173.70 3.36
â—?Harvest growth and income
Code is referred to as market value (million) accounted for the proportion of net assets (%)
000,069 OCT 13,211.55 9.71
600036 China Merchants Bank 13,054.71 9.60
600859 S Wangfujing 12,680.14 9.32
600,386 Beijing Bus 10,842.59 7.97
000402 Financial Street 8646.12 6.36
000,936 Huaxi Village 7629.33 5.61
600.15 thousand Hudong Heavy 7064.11 5.19
600,037 Gehua 6237.29 4.58
600.59 thousand Tellhow 5272.75 3.88
600,436 Pien Tze Huang 4273.74 3
