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Data:2009-12-12 2:34
Equity funds of funds is the most important species, mainly the mass of investors together small amounts of money to invest in the equity portfolio of different profitability.
Each followed equity funds investing in different investment strategies, in which style, type of rotation strategies because it can effectively balance the benefits and risks of a contemporary popular investment strategy.
"Style rotation strategy is a classic investment strategy is a dynamic strategy of the Fund's basic strategy. Growth and value investing are two classic investment style." A long letter the general manager Ye Ye told reporters.
The company issued a long letter in September and increased profits by Dynamic Strategy Fund is a typical style of the rotation-type fund, its investment is configured to share 60% -95%, 0-35% bonds, money market 5% -40%.
Long letter by Lee Dynamic Strategy Fund managers who Mount, said Chinese investors have shown significant herd behavior provides a basis for the style of the rotation, "China's securities market a higher systemic risks, investors demonstrated a clear herd behavior, so that China's securities market turns hot plates showing conversion features, value and growth performance of these two investment styles will evolve over time showing a cycle of rotation patterns. "
According to Ye Ye's understanding, there are three characteristics of growth stocks, sales revenue and profit growth was strong, long-term earnings and earnings retained a high proportion of listed companies with good business prospects for development. Trend of such shares having a strong performance under good conditions, can bring positive excess returns.
The so-called value investing is actually a kind of tap the potential of investment, "Through analysis, we explore the market undervalued stocks out of the process. Such value stocks have a strong anti-risk ability, even in bad situations Quotes still can have a good performance
