12 re-equipped with new shares eight break a rich fund investment research level is questioned

■ Express reporter Chen Wei

In fact, since last year, shares hit there is no profiteering, but take a lot of risk. However, the new shares raised to institutions willing to give the fund, which play the main fund sector, the Fund dozen new risk for multiple benefits, for the moment, the rich fund (Confucius News) playing new crashed out so that it cast the research level to be questioned.

hit new shares generally break announcement last Thursday listed in the

Hualu Cabernet (300,291) show that Chinas steady growth of China and Chinas classical configuration of two funds in the inquiry link of the company quoted the highest price of 55 yuan / share. Two Fund Wells Fargo Wells Fargo benefits growth and the rich days of Bo Innovation theme for the national ceramic material (300 285) reported a maximum price of 27 yuan / share; Lion value growth, the Chinese business flourishing growth of three funds for the fly Toshinobu (300,287) reported The highest 18 yuan / share, the highest price; dynamic strategy of a long letter and increased profits for the Hai Sike (002 653) reported the highest price of 26 yuan / share. WIND IT data, in December last year, 15 IPOs completed Network allotment, the Fund also one of the eight reported the highest price, accounting for 53%. Throughout the whole of last year the Fund Inquiry attitude of the second half of last year, the Funds "offer" significantly positive attitudes than in the first half. The first half of the year, the fund accumulated 35% of new reported the highest price. Accompanied in the second half of the A shares of unilateral decline in shares break frequently appear. Fund to fight a new passion but increase, the highest price in more than 48% of new shares reported. In addition, this year 15 new shares eventually be allocated to the list, both the fund figure, the allocated rate of up to 100%. According to the Genius data, Wells Fargo Department Fund from 2011 to February 14 this year, a total of 136 new shares Placing records, to subscribe for stocks is very fragmented, and subscribed for a total of 64 stocks. Wells Fargo mutual fund companies a total of 33 funds, 17 funds in line allotment of IPO shares, the net growth rate is positive only four, the net decline in the most serious for the rich inflation deflation theme, nearly annual net decreases of up to 26.07%.

visible from over a hundred dozen new records to the rich fund the subscription of new shares enthusiasm is mainly reflected in the very wide coverage of the new shares, all kinds of high-priced motherboard from Shanghai to small and medium-sized GEM IPO shares are reflected in its net The purchase of the figure. As a fund management company from Shanghai, the new shares subscribed by the large amount of rich fund focused on the motherboard market in Shanghai. Statistics show that, Wells Fargo Department funds to fight the new subscription shares more than 100 million new shares of a total of 12, including nine new shares from Shanghai main board market, only three just from the Shenzhen market, small and medium-sized GEM . But from the actual market movements, the rich fund optimistic and heavily loaded with subscription of new shares generally appear the break is, its 12 only re-distribution of new shares, eight appear broken hair Linyang Electronic (601,222) and Inner Mongolia Jun positive (601 216 ) is the depth break.

Wells Fargo shares base tragic decline

since last year the rich fund for sale in the six new funds, two debt-based, rich industrial bonds and the rich profit classification debt. 4 equity funds, the rich low-carbon environmental protection, and rich card 500, the rich Shanghai Composite Index ETF and the rich worlds top consumer goods (the QDII).

to play the new statistics suggest that only the rich Tianying grading debt Placing record a net, the remaining funds are temporarily not been involved in playing the new. Of particular concern, as the net increase in the setting up of less than a year of new debt-based, since the rich industrial bonds and the establishment of the rich Tianying grading debt net performance is quite impressive, especially since the establishment of the Wells Fargo Tianying grade debt 3.12%.

this phenomenon, a senior industry insiders told reporters, not previously accumulated net can be the "bottom", in order to brush the bright signs, the operating strategy of the new fund will be more conservative "honest", perhaps based on the fund manager this "honest part that makes this two debt-based to focus investment in fixed income products in order to obtain a positive return.

face of the market downturn, equity funds to Wells Fargo Department of honest part "to enhance the net is apparently to no avail. WIND IT data show that the rich low-carbon environmental protection in August of last year, as of February 14, the net decline in its inception up to 13.9%. The rich countries permit listed in October last year, 500 since the establishment of the net decline of 7.90%. The net decrease of 19.06% since the founding of the rich countries listed in February last year, the Shanghai Composite Index ETF.

surnamed Wang, Christian Democrats, told reporters that really do not know which funds can be trusted. Equity funds may be because the market is not good, even if the poor performance can be considered excusable, but I did not expect even known debt base of the fixed income funds also can not trust, stood a line of work to do, chosen to go to fight the new shares to win the excess returns lead to net huge loss, it is difficult to understand.

Wells Fargo Department funds are heavy playing a new depth break shares

Stock Code Stock Name No. of Shares (million shares) issue price ($) the closing price ($)

601 669 Chinese hydropower 8995.7595 4.5 4.14

601 100 Hengli fuel tanks 86.35 23 18.62

002 613 North Glass shares 167.5 13.5 10.67

300 256 stars in science and technology 100 21 17.29

601 636 flag Bin Group 254.03 14.5 8.25

601 222 Linyang 193.014 18 11.49

601 113 the Huading nylon 103.186 14 10.28

601 216 Inner Mongolia Jun 230.136 25 16.72

(closing price as of February 15)