The Huafu picking strange its funds drop 10 Awkwardness, 6 results pre-

■ trainee newspaper reporter Chen Lin As of February 19, the cumulative 1540 listed companies in Shanghai and Shenzhen announced the results notice, the company pre-hi 1041, but there are still 500 companies notice decline in performance or loss, including 183 pre-reduction The company, slightly reduced by 171 and 39 continued losses, the first loss of 107.

Securities Daily (Confucius News) Funds Weekly reporter displayed according to WIND IT data, 500 stocks, including 94 fund holding, involving the Fund 244. Among them, the most typical Wah Fu quantum vitality and Wah Fu Fu Fund (Confucius News) companys competitiveness preferred. Four Seasons at the end of the two funds in the top ten Awkwardness, respectively, five and six stocks issued profit decline notice.

performance of listed companies fell or Pre-losing, including a variety of factors, financial seasonal factors as well as non-operating losses, and so may cause results to fluctuate, however, these stocks in the fund such a large step can not help but have some doubts investors in these funds need to be cautious. Certain people in the industry, said in an interview with the Securities Daily Funds Weekly reporter.

Awkwardness results are not effective

the 244 fund floating profit of 254 million yuan Securities Journal

Funds Weekly reporter, according to the WIND IT data, since the beginning of this year to announce the results notice that the performance decline or Pre-losing stocks a total of over 500. Occurrence of contact with them, still no shortage of those who flaunt the value of investments and depth of research fund. The data show that the funds are heavy losses or decline in performance of stocks accumulated 94 involving 244 Fund. 94 stocks since the beginning of this year the average increase of 6.96%, significantly underperforming the 7.17% gain in the same period in the broader market. Particularly, 23 of them in the city rebound this year, down not up, which the Yongqing environmental protection and Guoteng electronic decline 28.03% and 21.62% respectively.

noteworthy is heavily loaded with the 244 funds this year, the cumulative floating profit of 254 million yuan. If the emotion of these funds is still small harvest, you have to tough job faced by the At the end of the fourth quarter, the cumulative net asset value of 244 funds reached 470.5 billion yuan, which no lack Bo value growth, Lion Stock, rejuvenating the whole trend of investment and the net asset value of over $ 10 billion fund. This also means that 254 million yuan float earnings accounted for only 0.05% of the net asset value at the end of the four seasons of these funds, how can the Jew if the clouds float earnings make to look forward to a rebound in the city has been a long time the Christian Democrats comfort. 244 funds

, Fukui most pan-coastal Bauhinia Bauhinia Funds growth, the fund Shigekura the Yongqing environmental 208.86 million shares, only 28 trading days this year, Fukui 27.799 million yuan. With mixed bond Jinbao Ying enhanced earnings AB is also heavily loaded with the Yongqing environmental 128 million shares, Fukui 17.0368 million yuan. In its 2011 annual results notice, the only environmental theme shares Profit for the year decreased by about 10% -25% to about 31.32 to 37.58 million yuan over the same period last year.

large amount of holdings of the decline in performance shares the Huafu competitiveness of

picking really strange

"obsession" on the decline in performance or Pre-losing stocks the fund really a minority. Securities Daily Funds Weekly WIND data, over three funds involved in such stocks there are 12 fund over five more five of the top ten Awkwardness They are Morgan Stanley multi-factor strategy, Cathay capital preservation, the Huafu quantum vitality, the Huafu competitive selection and small plates GF 300 ETF join. 6 notice of sales fell more in the top ten Awkwardness Wah Fu competitiveness preferred.

Wah Fu in Shanghai fund company as at the end of 2011, total assets of 7.392 billion yuan, ranking 50 of the 66 fund companies. Last year, four of its partial stock fund into similar funds in the first 1/2, 3 which is 1/10 ranking after only a mixed debt-based Wah Fu income enhanced A / B is also similar funds in the bottom third and fourth, the strength of investment research is quite worrying. Since the beginning of this year, in four of the five test data can be partial stock fund performance rankings of similar funds 1/3. As of February 19, the companys funds at the end of the fourth quarter of Awkwardness not change, unfortunately stepped on a decline in performance of stocks including Huafu Jiang returns four funds. Which preferred to Wah Fu competitiveness is the most typical top ten Awkwardness at the end of its four seasons, excluding Zongshen, 9 published results notice, six of which notice declining performance, including a 5 slightly reduced stocks and a Pre-less shares. The market has been rising this year, 7.17%, however, the funds are heavy six stocks fell by an average of 6.21%, the accumulated Fukui 19.4224 million yuan, ranking 115 of 135 similar funds. a

the industry in an interview with the Securities Daily Funds Weekly reporter said that the decline in performance of listed companies or Pre-losing, including fluctuations in a variety of factors, financial seasonal factors as well as non-operating losses, and so may cause results appear. Fund such a large step, however, can not help but have some doubts, investors need to be careful.

us to a careful analysis of the optimal positions of Fu competitiveness roadmap. Compared with the 2011 third quarterly, six stocks only Amway shares Awkwardness of the top ten at the end of the third quarter of last year, and positions are 186.56 million shares, but the positions accounted for four seasons of net assets rose from 3.49 percent in three quarter at the end of 3.68%.

Fu competitiveness preferably four seasons 2 Awkwardness days at the end of the Crankshaft, and none appear in the three quarter Awkwardness and invisible Awkwardness details. The fund four seasons at the end but holds 506.61 million shares of stock, visible, the Tianrun crankshaft should be Fu competitiveness preferred holdings in the fourth quarter of new or large. However, in the notice of the stock performance of the market of the fourth quarter lower than the company expected a larger decline in market demand chain, the main raw materials, pig iron, steel prices, the increase in fixed costs, the expected full-year results down to 0% to 10%. competitiveness of

Wah Fu preferred stealth the Awkwardness the Yongqing environmental protection as well as pine shares to substantially Masukura end of the Four Seasons, position number increased to 112.48 million and 221.14 million shares from 44.81 million shares and 129.76 million shares, respectively. These two stocks in its 2011 performance preview also shows the performance over the previous year decreased by 25% and 44.59% respectively.

the same time, notice that the 2011 results were compared with the same period last year fell 80% and 50% of the Great Lakes shares and Dali Technology are Fu competitiveness preferred the fourth quarter shares.

certain fund research, told reporters that, in his view, the operation of the fund managers style and the consistency of his remarks, the investment style of continuity and correctness of the three basic criteria they look at the investment ability of fund managers. reporter observed, in July last year, Wah Fu competitiveness preferred fund manager Zhang Qi has said "The next market the main line of GEM and small plates"; and the report of its four seasons, he once again reiterated its bullish on SMEs and the Four Seasons reported the top ten Awkwardness 8 small plates, the GEM. As of February 17, the small board index this year, or 5.73 percent, the GEM index fell 1.44 percent, less the Shanghai Composite Index rose 7.17 percent. The rally this year, while Wah Fu competitiveness preferred Shigekura six stocks fell by an average of 6.21%, the rate of return of the fund ranked 115 in the 135 ordinary shares, the performance of the bottom.

It is worth noting that the Wah Fu competitive preference late in the fourth quarter of last year, the holdings of the part of the theme of varieties of agricultural seed industry, and environmental protection, increased the growth of the more established food and beverage and high-end equipment manufacturing industry, including military stock. However, there are still a lot of stocks declining performance at the Four Seasons the end be overweight, the stock-picking strategy was a bit blurred.

"investment fund manager in two ways, and some focus on the fundamentals of value investing, but still there are fund managers is deep value investing look at the fundamentals for the performance of reverse." Insiders last told reporters. Wah Fu competitiveness of

preferred last years fourth quarter performance held by the end of the pre-down stocks at a glance

stock code the stock referred to as holding the total market value of the number of holdings to notice the net profit fluctuation (%) up performance prediction type this year down (%)

(million shares) (million)

600257.SH Great Lakes shares 425.812,652.77-80.00 pre-minus 7.06

300187.SZ Yongqing environmental 112.485,341.49-25.00 slightly reduced -28.03

of 002283.SZ days Crankshaft 506.615,425.78-10.00 slightly reduced by -5.04

300132.SZ the Qingsong shares 221.143,095.89-44.59 slightly reduced by -2.86

002214.SZ Dali 80.722,408.59-50.00 slightly reduced 0

300218.SZ Amway shares 186.563,218.14-20.00 slightly reduced by -8.41