Data:2009-12-12 2:34
Category: Money Tips Date: 2005-12-25
INVESCO Great Wall Fund recently released its monthly strategy report made in the stock market will remain the future direction of the rising pattern of oscillation. By funding the impact of loose surface, the bond yield curve was flat overall.
The report concluded that the stock market volatility will increase for three reasons, first of all, even after the early rise, the current A-share market in a substantial part of the stock valuations are still low, an increasing number of dual-listed A-shares have been significantly lower than its H shares, the stock there is room for growth; second, and emerging markets as well as compared with the Hong Kong market, A shares are still lagging behind a lot of gains in recent years, with the A-share market and international capital markets, strengthening the linkage between them, A Unit of the existence of strong compensatory growth potential of . On the other hand, A stock investor behavior gradually with international standards, in particular the strong trend of increase in H-shares A shares would have a clear guideline effect, so the current A-share market has been down there is not much space; third, although the market Confronted with China's macro-economic slowdown, corporate earnings growth decline in the impact of such negative factors, but more and more people believe that China can maintain macro-economic future of the rapid growth of 8-9% is still the world's fastest-growing economy, yuan will continue to appreciate, which will continue to attract a large number of foreign investment continue to enter China's capital market.
For the bond market, INVESCO Great Wall Fund considers that the recent macroeconomic data showed domestic demand and external demand while stimulating economic situation continued to run high. In January China's consumer price index (CPI) rose 1.9%, indicating that moderate inflation. But Waihuizhankuan monthly record high, the central bank open market operation to increase efforts to repatriate the money market interest rates rise, one-year central bank bill rate at 1.93% level, while 7 days, and its departure from the lower repurchase. The current high rate of household savings, but also by the Spring Festival of factors, in January the balance of household savings deposits of 14.8 trillion yuan, up 21.1%, but only by the rebound in bank loans, especially in the first quarter of the bonds issued by off-season, the banks still plenty of money. INVESCO Great Wall Fund for the future interest rate movements cautious wait and see attitude, the bond market outlook will be the trend of the main shock.
