Over 70 million floating surplus of water supply on the 17th lifted Xinhua Fund

for each

by the reporter Li Xinjiang from Beijing

hold in the water supply of 3,200 shares of Xinhua Department Fund, 2011 in stock many of the "benefits". February 17, Xinhua Department held by the Fund of 30 million shares of States in the water supply is about to lift the ban, the current price terms, the investment of the floating surplus of about 77 million yuan. Raised funds over the same period the participation of the private placement shares, the loss of up to 8. the

"Daily Economic News" reporter has learned that almost the same period, Dacheng Fund (Confucius News) and the Chinese Entrepreneur Fund (Confucius News) stumbled in the investment of Chongqing Brewery and the seven stars electronics, especially Dacheng Fund near panic to flee the Chongqing beer, making the fund industry to more reflection and vigilance to start at the excessive concentration of ownership risk.

Xinhua Department of investment in water services in the country has been floating surplus, but from the floating surplus peaked at nearly 300 million yuan has been folded to go more than half. The market estimates, the the waterworks lifted before and after the cash pressure increases, once the institutional shareholders, side by side to lighten up, or result in greater impact on the market price. At the same time, the industry focus on holding money effect and risk control debate is heating up again.

floating profit of 77 million yuan

announced that the waterworks recently, the lifting of the ban listed shares totaled 100 million shares, representing 23.41% of the total share capital of the Company. Lifted shares can be traded for the February 17, 2012. Shares of

overwhelmed by the lifting of the ban for the January 2011 water supply in the country to seven specific investors issued 100 million shares of fixed-growth stocks, the issue price per share of 7.50 yuan / share, according to 10.09 yuan yesterdays closing price, The seven agencies together floating surplus of about 260 million yuan. Fund

which Xinhua (Confucius News) and Societe Generale funds were allocated 3000 shares and 1650 shares, floating surplus about 77 million yuan and 42.73 million yuan.

due to strongly optimistic about the trend of water services in the country, Xinhua Fund was also in 2011 during the fourth quarter to 210.63 million shares in the secondary market to buy, but from the trend of waterworks in the fourth quarter last year, an investment Fukui a great possibility.

Although compared to investment funds, floating profit level is not very impressive, but in the February to April last year (same period), will increase in cases, but belong to one of the most profitable projects. The data show that during implementation of the private placement a total of 29 companies, 23 have been below the issuing price, accounting for Bacheng. The six fund companies to participate in the 14 stocks quilt rate reached 20%.

Xinhua Baotuan cattle issuance of shares the end of the third quarter of 2011, Xinhua fund involved in the private placement of water supply in the junior float earnings are still 1.8 billion in water supply, the Xinhua fund last years most profitable stock one.

Wind Information Statistics Xinhua fund five of its funds held by the waterworks. Xinhua Diamond enterprises, Xinhua industry rotation and Xinhua Pan proportion of resources positions are 9.39%, 7.78% and 7.27%, are in the largest holding. Waterworks in the country or the Xinhua preferred growth of the third-largest holding, the seventh largest holding of Xinhua preferred dividends. accordance with the market performance of water services in the States during the third quarter of last year, Xinhuas funds, net pulling rate once reached 2 percent, Xinhua its funds into the race of the results of the first echelon, and water services in the country strong performance is not unrelated. the

"Daily Economic News" reporter learned that, early in the fourth quarter of 2010, 4 of the Xinhua Departments Fund has bought 822.4 million shares of State Waterworks, followed by cuts in the eve of the scheduled increase in 1,2 months in 2011 holders to subscribe for 3,000 shares on a large scale, through a private placement, greatly reduces the cost of holding.

concentrated holdings pros and cons the

Xinhua Department Fund in the water supply in the country harvest 7700 more than 000 floating profit the same time, more concentrated holdings Mine "hit" event, exposed the drawbacks of the fund companies Baotuan holding strategy.

mines shares "in recent years frequent single fund company held by the liquidity risk of individual stocks has become increasingly prominent, and contradictions reflected the Fund is focusing on holding money effect and risk control. in 2011

last month, Chongqing Brewery had been the market has provoked much discussion of hepatitis B vaccine is not the desired effect, make the treatment of hepatitis B vaccine market is expected to fall, then the stock is continuous limit, so Baotuan Shigekura Dacheng Fund hit hard. Dacheng Funds there at the end of the third quarter before the crisis, including the culmination of Gyeongbokgung, the culmination of preferred and 9 Shigekura, hold the stock, holding a total of 4495 shares. The

Baotuan Chinese Entrepreneurs Fund holds the seven stars electronics, the stock dropped from 83.68 yuan in early 2011 to the end of 48 yuan, the Chinese businessmen Department Fund Fukui many.

Beijing Fund pointed out, the face of brutal performance in the industry rankings, fund managers often "staking" Investment Research, risk control somewhat useless. As the industry matures, the more fund companies to reflect on how rational use of the holders hard-earned money, so the industry can quickly into a healthy channel.