35 Fund press box shares the four quarters in a row holdings

35 funds "press box shares the four consecutive quarters of holdings

■ newspaper reporter Sui Wenjing the

Fund Awkwardness of the basket in the quarter by quarter changes, the Securities Daily (Confucius News) Fund weekly exclusive statistics show that 467 stocks last year, always in the ranks of the funds are heavy, this years fund The press box goods, more 35 underestimate the value of stocks continued holdings.

the fund is so bullish on stocks this year is poor, not only underperformed all funds holding, behind the same period in the market. People talk to comfort, two last year on investment and active management of the Morgan and Fortune SGAMs partial stock fund detached crazy to keep businesses and the Min-Fu-fat A, this year for the Fund to bear sweet fruit.

of a securities company fund analysts in an interview with the Securities Daily Fund Weekly, said the market this year compared with last year style differentiation, more defensive large-cap stocks last year, this year can be seen that the smaller-cap rally more obvious. The context of market style switch may even reverse, the last year by the Fund, optimistic and continued holdings of stocks in this years performance may not be good. This is also continuous Masukura shares this year a major cause of backwardness.

fund last years consecutive holdings

35 only underestimate the value of stocks

Securities Daily Funds Weekly WIND IT data processing last year for four consecutive quarters by the Fund, the largest holding stock 467, become a veritable "press box cargo, accounting for the end of the fourth quarter, the Fund Awkwardness amount of 56.27%. It is worth mentioning is that the bottom pressure of Awkwardness more 35 courtesy of continuous fund holdings in the last year, accounting for 7.49% of the Fund press box stocks, "the number of.

specific opinion, 35 fund the continuous Masukura of stocks, 10 belong to the CSI 300 index shares, representing 28.57% of the total. From their respective SFC industry point of view, of the 35 stocks in 10 industries, of which, attributable to manufacturing stocks are more concentrated, with 12. And a lower average valuation levels, the calculations show that the closing price on December 31 last year, 35 stocks continued Masukura average price-earnings ratio of 12.51 times, lower than the day the market all the A-share average price-earnings ratio of 14.27 times the level.

crazy to keep shares to the fund face the

gone against the tide fell 2.74% from professional fund stock selection perspective, the average performance of the fund continuous holdings of stocks should be strong in the General Fund Awkwardness and market, the Securities Daily Funds Weekly WIND IT data processing, display, last year The performance of the Fund for four quarters continued holdings of the 35 stocks in the 18 trading days this year, it is hard to give its crazy to keep the fund in order to be accountable.

data show that 35 units this year, the price range of average fell 2.74 percent, not only underperformed the 830 funds in the fourth quarter of Awkwardness average of 0.21 percent or more behind the same period in the market by 8.7 percentage points. Among them, only seven outperformed the same period in the broader market, accounting for 20%.

specific opinion, the fourth quarter of last year interval stock price of 1.156 billion shares of the total of positions of the 120 funds in the 47 mutual fund companies, Industrial Bank (Confucius News) rose 13.26% top, if the Fund has so far not its transfer positions , the carrying floating a total profit of 1.919 billion yuan. On the contrary, the Tao shares of Eurasia Group, nine stocks decline in price range of more than 10%. Among them, Tao shares this year, the stock tumbled 17.68 percent, the fourth quarter of last year, the Fund 1868.79 million shares of common positions, 6 silver three mutual fund companies, if these six funds has not the stock transfer positions, then the interval The carrying amount of the cumulative Fukui 65.4197 million yuan.

of a securities company fund analysts in an interview with the Securities Daily Fund Weekly, said the market this year compared with last year style differentiation, large-cap stocks last year, more resilient, and this year we can see that small cap stocks rally more Obviously, in the context of market style switch may even reverse, the last year by the Fund, optimistic and continued holdings of stocks in this years performance may not be good. ,

De Saint Research Center, principal analyst Jiang Sai-Chun (Confucius News) said that the Fund underestimate the value of blue-chip holdings last year as a whole, but continued holdings of stocks is not necessarily fund the most promising stocks can only say that is one of the part will depend on whether the direction of the configuration of the Fund as a whole. In other words, not necessarily continuous holdings of stocks performance of other stock, depends on the focus of the fund transfer positions in this. vote on the

Warburg most "loyal"

detached fruit to bring millions of floating profit

the same time, the Securities Daily Funds Weekly WIND IT data processing found these 35 stocks, both get together and heavily loaded with hundreds of fund super Awkwardness the the detached Shigekura of the two sheets only fund stocks , namely, Chinese enterprises and the Min-Fu A.

crazy keep holdings on these two stocks have continued to fund multi-strategy on the JP Morgan China Advantage and Fortune SGAM. Specific opinion on the investment funds of Morgan Advantage Fund last year, a quarter of an index and easy to Fondas joint largest holding of Chinese enterprises, including, JP Morgan China advantages of holding 4500 shares; they the detached Shigekura stock in the second quarter. and holdings of 1315.88 million to 5815.88 million shares; the third quarter once again shot Masukura 631.47 million shares to 6447.35 million shares of its unique offerings shares; the fourth quarter, the number of unique offerings hold the stock has reached 7013.08 million shares. WIND IT data show that the 18 trading days this year, the corporate share of China gained 5.09 percent, the fund currently holds the number of the fourth quarter did not change, crazy to keep the carrying 13.3148 million yuan of floating profit . WIND IT data show that the right of units of the Fund since the beginning of this year net growth rate of 3.7%, similar results ranked the same period than the 135 funds 8.

Similarly, Fortune SGAM multi-strategy fund Fortune SGAM Fund (Confucius News) companys unique offerings Awkwardness Min-Fu A is also a soft spot for not only continuous detached largest holding in the last year, four in a row quarter holdings. Specific view, the fund holds 966.76 million shares in the first quarter of last year, Min-Fu Fat A, the end of the year, this figure increased to 1969.89 million shares. WIND IT data show that stock this year, the stock rose 7.62 percent, Fortune SGAM Multi-Strategy Fund to its not transfer positions, silly wait to bring the carrying amount of 630.44 million floating surplus.

above a securities company, fund analysts said that many fund companies spend a lot of human resources and research to exploit the unique offerings dark horse shares of other companies have not yet been excavated, in order to surprise move. The practice has also confirmed that some fund companies do is quite successful in this regard, but detached shares of mining, there is still risk.