New Years Fund the highest price reported for more than half of new shares

■ trainee newspaper reporter Chen Lin Friday,

on the Hualu baina, released under the net allotment results announcement, the announcement shows that Chinas steady growth of China and China classic configuration Fund in the inquiry link of the company quoted the highest price of 55 yuan / share. WIND data As of February 5, this year the net under the Placing and publishing the results of seven stocks, four in the inquiry link, reported by the Fund for the highest price. According to Securities Daily fund weekly exclusive statistics, in the second half of last year, the Fund for 48% of new reports out of the highest price. The first half of last year, this figure is only 35%.

of particular note is that the share base gradually replace the debt to become to fight the new protagonist. 7 of 14 funds allocated shares under the net, allocated shares of Quetta to 12. Cathay Pacifics share is based is clearly the most active since December, only Guotaijinying appeared in the network under the four stocks allocated list.

this, Cathay Pacific stakeholders in an interview with the Securities Daily Funds Weekly reporter explained, a longer period of partial shares of the Fund to hold stocks, usually 2-3 years, the fund short-term surplus of floating Fukui will be particularly concerned about. In addition, the secondary market, playing a new can get more chips at lower cost.

fund New Year dozen new crack shot

new shares for more than half reported the highest price In order to offer effective control of institutions in the IPO process of inquiry, the regulators, frequent action. , According to fund company insiders after the SFC requires fund companies to strengthen supervision and auditing of the new inquiry and subscription of new shares with the company and its employees shall not be subject to the trust to offer, not irrational offer. As early as in November 2010, the SFC has also issued guidance on the deepening of the reform IPO, explicitly require the issuer and lead underwriter is required to disclose the specific offer of the institutions involved in the inquiry. However, the new share offer is always high.

Placing the results announcement last Friday, China recorded Cabernet distribution network. The announcement shows that Chinas steady growth of China and Chinas classic configuration Fund in the inquiry link of the company quoted the highest price of 55 yuan / share. Securities Daily Funds Weekly WIND IT data statistics show that since the beginning of this year under the net Placing and publishing the results of the seven units, four in part of its inquiry, reported by the Fund for the highest price. In addition to the above-mentioned China Fund (Confucius News), the rich countries of the two funds rich countries Tianhui selected growth and innovation theme of the rich days of Bo country ceramic materials reported the highest price of 27 yuan / share; Lion value growth, the Chamber flourishing growth of three fund fly Toshinobu the highest maximum price of 18 yuan / share; a long letter and increased profits by dynamic policy Hai Sike reported a maximum price of 26 yuan / share.

visible, the Fund to play a new enthusiasm in the New Year continues unabated. In December last year, 15 IPOs completed Network allotment, the Fund also 8 reported the highest price, accounting for 53%. Throughout the inquiry attitude of the fund last year, the second half of the fund is obviously a positive attitude compared to 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-share Ruoshi shock, the Fund was more than 48% of new shares reported the highest price.

despite, from the second quarter of last year until now, the new shares break frequently appear. Fund rose to the challenge, playing the new enthusiasm unabated. In this regard, a fund companys chief strategist so, told reporters that the highest price for new shares reported, the Fund can not just look at price-earnings ratio. In a different industry, different expectations of companies of different texture, as well as fund companies will offer the level of impact to the new shares inquiry. so expensive to fight the new enthusiasm to accompany the allocated results are quite satisfactory. eventually allocated a list of seven new shares

New Year, both the figure of the Fund. Allocated up to 100%. Allocated a proportion of seven new shares accumulated under the net Placing 3652. Million shares, of which fund allocated 1067 million shares, accounting for 29%. China recorded one hundred satisfied that the final allocation of the list, the fund is taking all of the 300 million shares. The company has invested in shooting the new "Dream" and many other familiar TV shows, by the popularity of the Fund can be seen. In addition, Xingquan, Cathay Pacific and a long letter and other three companies allocated Hai Sike. GEM Listing of national ceramic materials are gaining favor of China and Castrol two fund companies.

14 to be allocated to fund debt-based accounts for only two seats

share-based play to play the protagonist

observed from the subtle, involved in fighting the new fund to constitute the last year quietly changing. Partial stock funds is gradually replaced by the debt has become to play a new protagonist.

Securities Daily Funds Weekly WIND IT data statistics show that 14 funds allocated seven new shares under the net since January this year, only in the sea steady income and Castrol solid gains two debt-based. December last year, to play the newly allocated 193 funds, debt-based, only 57, the number of shares based 125, which is two times more than the debt-based.

in the second quarter of last year, 76 new shares to complete the placement, allocated a fund of 127, which bonds the base 54, accounting for 43%, partial stock funds accounted for over 50% of The third quarter of last year, 58 new shares to complete the placement, 186 allocated funds, debt-based 62, accounting for 33% partial stock funds accounted for 60% as much.

In this regard, a securities company fund researcher told reporters that the debt-based receded to play the new markets, and last years broken damp. Prior to the purchase of new shares is an important supplement of the bond fund revenue sources involved in fighting, relative to the continuing fluctuations in the secondary market may get better returns. With the new shares frequently break, many bond funds are beginning to reflect, and even withdraw from the new shares inquiry. Last year zhaiji champion GF enhanced bond fund manager Xie Jun also said that due to the economic growth rate relative to the next level a few years ago will, equity products, long-term expected rate of return will decrease. Fixed income products, the uncertainty is strong, relatively stable income, attractive relative. Will pay more attention to the bond market, cautious in playing. In addition, the fund manager admitted that the new shares high price-earnings ratio, the second half to play a new rhythm slowed.

while another fund who explained that the debt base to fight the new order to seek risk-free arbitrage. Shares break frequency is, a lot of debt-based natural selection to retreat. Share-based holding stocks periodic and volume, to play the new lower price to get a lot of chips, and once the company is listed if get the same chips stocks, you need a much higher cost.

Fund Fukui 7790

frankly should examine the investment cycle

temporary point of view, crashed out of the A-share market after the partial stock fund after he moved to play the New Territories, still no improvement. Securities Daily Funds Weekly WIND IT data statistics show that as of February 5, has not yet been lifted in the 42 new shares, break 29, accounting for 69%. Del home, snowman shares and jerk food break rate of over 30%. Stocks break, there is no lack of star stocks touted by the Fund, the Phoenix media, Yulong shares, etc., the Yawei received with praise Yu, Dominion optics have also deep to break the dilemma. Allocated funds scars, As of February 3, closing, and they accumulated Fukui 77.8952 million yuan.

WIND data show that stock funds allocated, the rejuvenation of China allocated the largest five stocks. While Guotaijinying Bauhinia Pan coastal areas of growth were allocated four stocks. Guotaijinying growth since December to be allocated the most intensive, Hai Sike, subjects such as the Soviet Union to pay four stocks are allocated after December. Them, only Xinhua Insurance micro floating surplus, the other three are currently the break state. The Beyondsoft break rate reached 15.95 percent, Fukui 351 million of the funds.

is worth noting that, the Fund allocated new shares are shares of the base. In addition to Guotaijinying, Cathay Pacific partial stock fund recently to play a new, more positive. Guotai Jinpeng Blue Chip five partial shares of the Fund are the stocks to be allocated.

the face of such a positive playing a new attitude, as well as stocks break the stakeholders of the company admitted in an interview with the Securities Daily Funds Weekly reporter, "strict risk control, based on studies of selected stocks. In general share-based rally the newly acquired shares held by the cycle is usually longer, Cathay Pacific holding approximately two to three years or so, the Fund also do not care about the temporary floating surplus Fukui. In addition, compared to the secondary market, playing You can get more chips at lower cost. "

"a consideration of new shares, in particular, is a growth stock of the benefits should match its investment cycle. listed short-term fluctuations will not affect its judgment on the value of growth stocks. The staff of the company explained.