Awkwardness of more than Qicheng share-based chief Underperform

As of February 15, 160 funds in the fourth quarter Awkwardness shares rose inclusive difference between 69.01%

■ newspaper reporter Sui Wenjing

Securities Daily Funds Weekly WIND IT data processing show that as of February 15 this year included within the statistical range of 414 active management of partial shares of the Funds first Awkwardness of 160 average rose 2.76 percent, less than same period Awkwardness of Fund 5.72% gain, but underperformed the Shanghai Composite Index by 4.85 percentage points. Among them, only 44 beat the market, accounting for 27.5%.

need to pay attention to the fourth quarter of last year, there are three mutual fund companies share based Awkwardness overlap rate of over 50%. This year, the 14 companys shares first Awkwardness shares all rose, accounting for 23.33%, Wah Fu five shares of the companys base 5 Awkwardness, a rose this year, and the remaining four different degrees of decline. river race spring (Confucius News),

De Saint Research Center, principal analyst, said in an interview with the Securities Daily Funds Weekly Fund to select the first Awkwardness have some relationship to its investment style and size. Beginning in 2010, the funds holdings ideas began to favor certain growth industry since 2011, the fund the first large proportion of Awkwardness Underperform phenomenon began with the stage fund stock selection and market style The conversion does not match a great relationship.

44 only outperforming the broader market

Securities Daily Funds Weekly WIND IT data processing, the Four Seasons reported last year, the data can test the 414 active management of partial stock funds in the fourth quarter of 160 holding, in the year through February 15 stock average rose 2.76 percent, neither the same period Awkwardness of Fund 5.72% gain, underperformed the Shanghai Composite Index 7.61 percent or 4.85 percentage points. Among them, only 44 beat the market, accounting for 27.5%.

specific opinion, the fourth quarter of last year, domestic demand growth fund of the companys long letter Fund (Confucius News) a long letter the detached Shigekura held China happiness, as of February 15 this year, the share price rose 48.66%, range stock the strongest performing a stock. WIND IT data show, the Four Seasons end, a long letter of domestic demand growth fund new positions China happiness of 29.47 million shares, the market value of shares of 4.7299 million yuan. If the Fund since its first Awkwardness not transfer positions, movements, and the carrying amount of the floating surplus of 2.3016 million yuan of the fund range of rights unit net growth rate of 0.23%.

these data show that as of February 15 this year, 160 funds in the fourth quarter Awkwardness stock or end to end a difference of 69.01%.

5 shares the base detached betting

only "chief" shares the

"Securities Daily Funds Weekly WIND IT data processing show that was held by the 213 Fund Baotuan Shigekura in the fourth quarter of last year, 158 million shares, holding market value of 30.454 billion yuan Maotai, the fourth quarter of last year were 35 active management partial shares of the Fund as the first holding, hold the fund the largest number of a 160 "chief" shares. Erie shares while 20 funds as chief and followed. WIND data, Wuliangye As of February 15 this year, rose 1.74 percent, ie, the fourth quarter will be selected as the largest holding of 35 shares of the base carrying amount of the accumulated floating profit of 104 million yuan. fourth quarter,

addition, more than 10 funds jointly selected as the first Awkwardness of Minsheng Bank, China Merchants Bank (Confucius News), Wuliangye, Shuanghui development and State Power NARI and other five stocks were 17 , 14, 11, 11 and 11 shares of common listed as the largest holding. Specific view, this year, in varying degrees of the five stock price up, or were 9%, 6.82%, 1.74%, 0.1% and 1.6%.

160 partial stock fund Awkwardness, 5 Fund detached largest holding as of February 15 this year, the five stock price increased by an average of 12.18%, higher than the average of nearly 4.5 times. Specific view of these five stocks are China happiness, Lianyungang, Tempus International, Au Self Tengen and riland, shares of interval share price performance is 48.66%, 13.19%, 4.4%, -0.35% and -5%.

WIND IT data show that 5 Awkwardness in the fourth quarter of last year, were a long letter domestic demand growth and Morgan Stanley multi-factor strategy, Lion multi-strategy, entrepreneurial growth when Bo and Wah Fu quantum vitality 5 detached largest holding of funds, this year, the net growth rate of the five stock funds right of units were 0.23% and 11.6%, 5.37%, 3.79% and 7.25%. 5

Wah Fu "chief" shares

gone against the tide fell

observed from the perspective of fund companies, in addition to Zhejiang level Dahua Fu Anderson 3 a share is based on the statistical range of fund companies, the largest holding in 21 of the companys shares based do not coincide, accounting for 35%. Correspondingly, there are three mutual fund companies stock fund Awkwardness coincidence rate in more than 50%.

WIND IT data show that in addition to the three fund companies included in the statistics of only a single fund, the 14 companys share-based holding, this year the stock to achieve full rise, accounting for 23.33%. Fu Fund (Confucius News)s five partial shares of the Funds five Awkwardness of this year, only a price rise, the remaining four are varying degrees of decline, the overall performance of the first Awkwardness weak fund company.