Fund initiative to lighten up by 0.6 percentage points

□ Minsheng Securities Funds Research Center the Mayon come to know (Confucius News) Wang Rongxin According to Minsheng Securities Fund positions and sector allocation system (MS-PAM), monitoring data, the average position of the active direction of the stock fund as of February 17 was 79.80% and 80.32% of the average position of the previous week down 0.51 percent which take the initiative to lighten up 0.60 percentage points. According to estimates, the average position of the active direction of the stock fund in December 2011 continued modest jiacang to the more than 80 percent in late January high of 84.27% since February, a small initiative to lighten up the signs. 80.32 percent of the positions in medium to high level with the historical position and fund the initiative to lighten up 0.60% last week, the relative initiative last week to lighten up the amplitude (1.87%) was significantly reduced. As of February 17, 77 funds (accounting for 22.2%) positions less than 70% of the positions of the 84 funds (accounting for 24.2%) between 70% -80%, 120 Fund (accounting for 34.6% ) positions between 80% -90% higher than 90%, 66 funds (accounting for 19.1%) positions. The

Last week, the 255 Fund (accounting for 73.5%) take the initiative to lighten up less than 5%, 92 funds (accounting for 26.5%) initiative jiacang less than 5%, 0 Fund (accounting for 0%) initiative jiacang % or more. Last week, a total of 255 funds (accounting for 73.5%) take the initiative to lighten up. As of February 17, the stock fund positions decreased by 0.39% to 83.58%, partial stock fund positions decreased by 0.66% to 78.61% of the position of balanced funds fell 0.56% to 70.49%.

increase with the spread of paper less with the Financial metal

last week, the Funds average increase with the intensity of the larger industry dissemination of cultural industry (increase with strength of 8.67, the same below), the paper printing industry (4.48), the IT industry (3.52), food and beverage industry (2.88 ) and other industries; Funds average cut last week with the intensity of the larger industries mainly in finance and insurance industry (with intensity reduction of 7.09, the same below), metal and nonmetal industry (3.95), the pharmaceutical and biotech industry (3.33), wood furniture industry ( 2.58) and other industries. of the additional fund number, last week, 70.60% of the fund was equipped with the dissemination of culture industry, 79.42% of the Fund to increase with the paper printing industry, 74.83% of the fund was equipped with the IT industry, 70.40% of the Fund was equipped with food and beverage industry, 78.22% of the fund was equipped with the transportation industry, 75.46% of the fund was equipped with utilities, 59.33% of the fund was equipped with the real estate industry, 65.46% of the fund was equipped with the extractive industries, 72.70% of the fund was equipped with social services, 57.98% of the fund was equipped with a comprehensive industry, 54.53% of the fund was equipped with the textile and garment industry, 65.13% of the fund was equipped with machinery and equipment industry, 53.31% of the fund was equipped with the electronics industry. from the fund reduction with the number, last week, a total of 75.60% of the fund reduction with finance and insurance, 72.07% of the fund less with the metal and nonmetal industry, 74.30% of the fund less with pharmaceutical and biotech industry, 73.30% reduction fund with the wood furniture industry, 71.91% of the fund less with the wholesale and retail trade, and 66.03% of the fund less with the petrochemical industry, 67.64% of the fund less with the construction industry, 60.81% of the fund less with agriculture, forestry, animal husbandry and fishery. According to estimates, last week, industry assets increase or decrease with the intensity of the top ten fund companies for the strength of Xinhua (increase or decrease with 67.78, the same below), Wells Fargo (63.81), fengjinxin (63.23), Minsheng ( 63.13), Shen Wan Ling letter (Confucius News) (62.12), Wah Fu (61.80), Reliance (60.69), China (59.91), delivery of silver (59.30), sea Fortis (57.83).