Eight active investment funds suspected trap minefield

Supor "quality gate" and ST Dragon "junk bond" the two major events last week, focus on the outbreak

Securities Times reporter the Muyu

from listed companies last week, two major events that may affect the net asset value of the Fund, a Supor reported that the manganese content exceeded the quality of the door, the other is ST Dragon credit rating was adjusted to CCC junk bond level, involving eight active investment funds, the product of two funds at the end of last year the largest holding more than 2%.

Supor reported manganese content exceeded in the February 17, the stock suspension, the stock before the results of the steady growth of "White Horse shares, the largest holding of a number of fund companies, only to enter the stock 10 The largest shareholder or the funds top 10 list of Awkwardness votes there are five funds.

days statistics show that the end of 2011, Supor top ten list of Awkwardness ticket into the two funds were the Bauhinia consumer goods and Yinhua advantage, the former holds 369.37 million shares, is also a Supor last three quarterly the tenth largest shareholders of circulation, accounting for 2.24% of the Funds net asset value; which holds 360 million shares, representing 2.17% of the Funds net asset value.

In addition, the last year, quarterly Supor ten shareholders of circulation E Fund Value Growth Fund, GF Strategic Choice and China Absolute Return Fund, were holding 1114 shares, 436.11 million and 357.12 million shares, number of shares held, but because of these three assets of the fund large-scale, the Supor accounted for the net proportion of the Fund is not high, the number of shares held constant, accounting for 0.94% of the net assets of the Fund, 0.76 % and 0.54%.

the ST Dragon suspension from last August, joint credit in February 15 this year, the long-term credit rating from "BB +" lowered to "CCC" and "Dragon CP01s credit rating from" B "down to" C ", the first only in the past five years," junk bonds "also indicates that the listed assets of the company is facing great uncertainty.

listed companies last year, three quarterly show, Minsheng domestic demand growth to hold the stock of 200 million shares, a market capitalization of 9.64 million yuan, accounting for 1.68% of the Funds current net asset value, although not into the top ten Awkwardness, but the The hold percentage is not low.

In addition, shareholders announced by the Fund last year reported details of two active investment funds and five index funds held by ST Dragon, Castrol quantify and South strategy respectively hold 89.9 million shares and 62.55 million shares , accounting for 0.35% and 0.29% of the Funds net asset value of the five index funds held by the lower proportion of between 0.05% to 0.18%.

It is worth noting, the largest holding Supor or ST Dragon Fund, no valuation adjustments, Supor recently issued to clarify the notice and will resume trading today.

fund analysts said, if these events further development of the underlying funds may be carried out valuation adjustments, especially once the ST Dragon credit crisis worsens, the fund company may use and the past, different methods of valuation adjustments.