The overall position of the Fund decreased large fund companies agreed initiative to lighten up

□ newspaper Reporter Cao Shuyan

despite recent market volatility increased, but the number of brokerage firms fund positions monitoring report shows that the open direction of the stock fund positions for nearly two weeks the level of overall decline, and large fund companies agreed to lighten up the initiative. The industry believes that the reason may be that the January CPI data-than-expected result in short-term drop quasi-expected weakening of the Fund continue to rise in the market outlook, lack of confidence.

Hai Tong Securities (Confucius News) fund positions report shows that between January 20 to February 9 (referred to as the "current") active management of stocks and hybrid open-end funds (excluding partial debt hybrid) biweekly average stock position of 77.51% than between January 13 to February 2, the average positions (referred to as the "Period") reduced by 3.7 percentage points since 2006 in a high level. Equity fund initiative to lighten up 4.35 percentage points, and hybrid funds as a whole take the initiative to lighten up 3.44 percentage points.

In addition, the issue proactively manage stocks mixed fund size of the average positions of the top ten fund companies for 77.91%, compared with the previous period a decrease of 3.79 percentage points. Large fund companies agreed initiative to cut positions. Among them, the China Fund (Confucius News) initiative to lighten up by 6.35 percentage point reduction in the larger exchange Universal and Lion Fund (Confucius News) initiative to lighten up 5.75 percent and 5.31 percent, ranking second and third places. At present, 70% of the fund company positions between 70% -85%.

Huatai Securities Data show that as of February 9, the average open-end fund positions late last week fell by 0.57 percentage points to 82.3%. Among them, the stock fund positions fell by 0.82 percentage points to 84.5%.

Minsheng Securities Fund weekly show that as of February 10, the average position of the active direction of the stock fund is 80.32%, down 1.62 percentage points compared to February 3, 81.94% of the average positions; stock fund positions decreased by 1.32% to 83.97%; partial stock fund positions fell 2.01 to 79.27%; balanced fund positions decreased by 1.76% to 71.05%. Funds included in the statistics, 86.7 percent of the fund initiative to lighten up.