Data:2009-12-12 2:34
Category: Money Tips Date: 2006-05-30
With the 50ETF index products such as the introduction of the adjustment of index constituent stocks will be more dramatic, it will become increasingly by the market's attention. Analysis showed that the previous Shanghai and Shenzhen 300 Index, SSE 180 Index, Shenzhen 100 Index, SSE 50 Index and Shenzhengchengzhi adjust the constituent stocks as a whole were the relevant shares had a strong influence, especially the transfer out of the event impact is even worse.
An historical perspective, and this situation is similar to the Yangtze River after the power market have had a precedent for quick access to component index. From the prevailing market performance, stock market early in November 2003 after a wave of a continuous rise of the stock market, but soon after entering the component indices, the rally has come to an end soon, ahead of broader market saw nearly 2 months high point (before going on a long time finishing). That enter the component index of the factors that led to over-amplification unit was the main reason for mediocre performance. In contrast, some samples were transferred out of the list of stocks are stocks with a good performance in the next, such as the Northeast High-Speed, Zhejiang Guangsha, Phoenix optics, Yashengjituan, and some or even significant gains over the index.
For investors, be transferred to the constituent stocks of the forecast is very important, early intervention may be transferred in a number of constituent stocks is beneficial for short-term abnormal returns; the same time, those who may be transferred in advance to sell out of stocks can circumvent the relevant stock prices temporarily fall risks. In the index adjustment (list publication), the investors can focus on the constituent stocks have been transferred out of the list of stocks, the fundamentals of these stocks were not significant changes in the index fund has been over-sold after its stock price is likely to occur after the oversold bounce in order to gain additional revenue.