Category: Money tips Release Date: 2007-05-12
Stock Market, "fire" bring disaster fund "fish pond", promising continuation of the original 2006 fund fiery fund market, 2007 situation worsened, and an instant cold spell in the drilling Liaoqiao. Since last week, the market place by rapid decline to the end of wandering, the fund's investment strategy of the Fund is also actively respond accordingly.
China Merchants Fund recommendations: overweight mixed China Merchants Fund's investment experts believe that market conditions continued strength in the context of the fund market risk was not significant. Therefore, as individual investors, the current operational needs in the stock market to watch, with the anti-risk nature of the choice of fund is a better strategy.
Observe the fund market in the recent past, the fund returns have been showing signs of differentiation, of which two fund walk in front of the market: First, the big proportion of dividend funds, the reason we carried out a high point of shipment, pre-or larger assets have been withdrawn from Shigekura; First, hybrid equity funds, these funds asset allocation flexibility, you can take the initiative to avoid the risk. From the Thursday release of fund net can be seen that since the crash last Wednesday to partial single-day average stock fund fell to 5% -6%, index funds fell to 7%, while a subsidiary of China Merchants China Merchants Fund, Pioneer Fund, decreases in the Less than 3%.
China Merchants Fund is a pioneer in the configuration of a typical fund. Vanguard fund shares from the investment profile positions can be seen that 35% -80% of the fund's stock allocation percentage changes in the scope of a larger, not only has a "move forward and attack, retreat and defend" the flexibility and shock them in the market through reasonable adjustment positions, made possible to achieve sustained profitability. In the recently released ratings of Morningstar, the China Merchants China Merchants Fund Pioneer Fund and the Equity Fund's investment to grow another four-star and five-star ratings respectively, are incorporated into the performance of similar funds in the forefront.
Market entry in 2007 has been the trend on the stock market turmoil has gradually emerged, but the Merchants Vanguard November 28 last year, the implementation of 10 were 5.4 yuan, after dividends, less than two months also rose 40%. Relevant experts believe that China Merchants Pioneer Fund as a configuration-based fund, its advantage lies in the relatively flexible asset allocation, and in turbulent market will reflect a more significant, is also an important factor to obtain better performance.
Relevant market data show that, despite the current stock market correction this week, already has a larger stock fund subscription and redemption of the whole remains a net inflow of the state. This indicates that investors have become increasingly mature, on the one hand continue to be optimistic bull market, on the other hand, the current callback also generally demonstrated a rational attitude.
Market analysts believe that the recent stock market order is a normal phenomenon, but the long-term bull market trend has not changed, to support market-based bull market, and there is no obvious change, and as domestic economic development, the basis for the bull market will further consolidate the .
"Compared to last year, this year's bull market is running the way, will be mainly based on interpretation of shock upward trend to continue, so investors need more consideration from the market characteristics, choose the appropriate investment fund products." a senior investment analyst, said. The stock market is inherently volatile, not only rise in the stock market did not fall, after more than 130% of the rose, the stock market there is a need for a periodic adjustment to absorb the pre-market by up.
Sea Fortis: active configuration even more aggressive "In a bull market, according to fund the contract, sea Fortis earnings growth fund should be an equity fund, which is constantly expected to achieve returns for investors. Meanwhile, earnings growth and the Fund is not a simple equity funds, in adjusting the city, and even is a bear market, it's stock position in the 0-80% range and flexible configuration, so that you can more effectively protect the interests of holders of the investment. "sea Fortis earnings growth fund managers, CHEN Jing Shao Sheng said that the earnings growth funds over the past three years of bear and bull tests, by taking an active allocation strategy, has formed a bear defense, bull style of aggressive action.
Less than a month's time, two consecutive dividends, sea Fortis Growth Fund, following the recent implementation of the income of each fund share of the benefit-0.487 yuan, the net value of fund units have been very close to 1 yuan denominations, and the Bank of China, Bank of Communications, China Merchants Hai Tong Securities and other banks and the various sales channels and conversion into an open subscription business. As of February 2, revenue growth of fund units accumulated net 1.857 yuan.
According to reports, earnings growth fund this dividend, due to the stock position is still as so not to miss a possible rise during the shortened Jiancang period, the Fund's own investment strategy and performance has also been a market-proven.
"Into a bull market, the earnings growth in the fund in accordance with the Fund in turn contract to run at a high equity position and adopted a more aggressive investment strategy is different to common stock fund's flexible strategy, investing in real estate a high position, consumption, financial , IT, medicine and other fields of the second-and even third-line high-growth stocks is more concerned about the profitability of these investments now seem very wide. entered after 2007, taking into account the future of the favorable factors and the high market valuation has been generally practical, earnings growth fund further enhanced finance, agriculture, media, the new proportion of investment in energy and other areas, "Chen Shaosheng very confident in his view, earnings growth rate of the Fund's equity position up to the level of 0-80%, so a delicate time in the current market trends compare the value of the earnings growth trend of the fund's investment strategy for the use of flexible configuration, but also the appropriate time to reduce the volatility of the Fund's assets losses, objectively speaking, more effectively protect the interests of the holders of the investment.
Shen 10000 Paris: see the additional opportunity to SYWG BNP Paribas Asset Management Company believes that, A-share market in the short term memory, a certain adjustment of the pressure, but it also gives access to funds and other professional organizations to bring greater opportunities for excess returns. Market is phased adjustment period, securities investment funds, high-quality stock picking ability will once again be verified by the market.
"Every time adjustments will lead to more investment opportunities, follow-up of investment opportunities will come from several sources. First, equity incentive, business and technological innovation to enhance the performance of listed companies has brought real growth; second, Taking into account the adjustment of the future direction of national industrial policy, those who are in advanced equipment manufacturing industry, upgrade-based investment goods industries, consumer goods and modern services industries in the superior enterprises will be a good development opportunities; the Third, the valuation of blue-chip blue-chip in order to to consider next year's earnings per share, stock prices rise there is still much room for domestic and foreign enterprise income tax of 25% in a unified, high-tax blue-chip company's net profit will increase 5% -10%; the four, the future may still appear on the market the stirring hot plate number, such as the M & A plate, Olympic plates, new energy plate, railway construction plate, 3G plate and national defense section and so on. In addition, China's securities market in 2007 accompanied by a large expansion, high-quality IPO is also a one of the cradles bred Niugu. "
Easy Fonda: a favorable return to value investing Yi Fonda active growth fund manager Chen Zhimin that since 2000 the Shanghai index has not experienced a decent point up the basic adjustments, cumulative increases in short-term market is too large, individual A shares over H shares of a larger short-term premium, so the market itself is the driving force to adjust brewing , coupled with negative factors in some markets (such as the introduction of real estate regulation and control policy making real estate stocks led lower by the market), as well as raising interest rates to clean up illegal duplication of the role of capital and other rumors, the market has a sharp fall. In his view, the current adjustment is not the end of the bull market, the index tone down the biggest advantage is to reduce the market's irrational elements, so that everyone calm down and change the trend of research and investment approach and return to value investing, concerns the fundamentals of listed companies .
He said it should be noted that short-term market adjustments, and does not affect the "market is still in a bull market cycle" the judge, supported the market's sustained strength in a variety of factors (macroeconomic continues to improve, listed companies by steady growth, continued appreciation of the yuan , etc.) still has not changed. The central bank raised the deposit reserve ratio, raising interest rates and a series of measures, not specific to the stock market, mainly to shrinkage in the financial system of excess liquidity; the same time, the current structure of market participants in 1997 and 2001, compared to total different from the insurance institutions and household savings funds (through the purchase fund on the market), represented by the "sunshine funds" is the market mainstream, the proportion of illegal funds in the market, very low, so clean up illegal funds, not only will not affect the operation of the market, but also is conducive to the market's long-term healthy development. Therefore, we are still more optimistic market outlook. After the recent rapid market adjustment, A shares and H shares spreads return to normal levels even lower than the H shares (such as China Merchants Bank A share price lower than the H shares, A shares of ICBC's H share price and the price of flat, etc.), A-share market re-return to reason, is expected in the afternoon, led by blue chips will be re-stabilizing strength.
CHEN Zhi-that the recent market declines, the risk gradually be released, in fact, it is to buy equity funds may be a good time. Yi Fonda actively Growth Fund Equity Fund's assets total assets of not less than 40% of the minimum proportion of the maximum not more than 95%.
"Based on optimistic and we think it is the overall A-share market valuations are not high, only a few individual stocks have certain bubble, many stocks remain large investment opportunities. To this end, we will take the following action strategies: First, continue to invest in sustainable advantage of the growth of the leading enterprises in the long-term growth, good macro-economic context, the domestic long-term growth will have a number of advantages of leading enterprises, these enterprises despite a certain increase in the short term, but its performance continued to exceed the expectations of the possibility of the existence, thereby continuously returns for investors; the second is to invest part of the valuation of the cyclical nature of the low level of stocks, good macroeconomic will help these industries to maintain a relatively strong demand, greatly reduce the possibility of excess industry capacity, so as to enhance the level of valuations in these sectors; Third, the investment with a strong background to support the shareholders of listed companies, the era of full circulation and the management incentives will greatly stimulate the implementation of major shareholders of listed companies to inject the assets of enthusiasm to invest in such companies may be given the excess return. "
