Secret Round Of The Collapse Of The Prime Culprit: Last Week, The Fund Turned Around And Lighten Up.

The stock market crashed last week.

German Saint fund research center in November 17th calculation data show that last week partial shares to the average position of the fund compared to last week, a more obvious decline.

In the comparable 424 stock oriented active funds, there are 210 fund initiatives to increase positions. The 116 funds have increased net positions by more than 2%, and 26 funds have increased their net positions by more than 5%; 214 funds have reduced their positions, 141 have reduced their net positions by more than 2%, and 39 have reduced their net margins by more than 5%.

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The weighted average position of the comparable active equity fund was 81.15%, down 1.2% from the previous week; the weighted average position of the equity hybrid fund was 75.45%, a decrease of 1.05% compared with that of the previous week; and the weighted average position of the hybrid fund was 68.58%, a slight decrease of 0.3% compared with the previous week.

During the calculation period, the Shanghai and Shenzhen 300 index fell 1.39%, and there was a slight initiative to reduce the warehouse effect. After deducting the passive position change, the stock fund with the largest average position took the initiative to reduce its holdings by nearly 1%, while the hybrid fund with the lightest average position had no initiative to increase.

Last week, the stock positions of other types of funds other than stock investment varied in different directions.

Among them, the guaranteed fund's weighted average position was 11.31%, an increase of 3.33% compared to the previous week; the weighted average stock position of the bond fund was 12.74%, an increase of 0.7% over the previous week; the weighted average position of the mixed debt fund was 32.08%, which was 0.54% higher than that of the previous week.

Last week, there was a big shock in the market. Some of the funds appeared to be profitable. The fund also joined the band operation to a certain extent. After the first three weeks of continuous increase in positions, the position turned down last week.

From a specific fund, heavy warehouse and

Refined to the fund products, the trend of the day is 16.51% net increase, the highest level of the fund; Taida budget and Xingquan growth respectively 12.77% and 12.47% net increase margin followed.

For the lighten up fund, the advantages of Thaksin, East Dragon and Huafu were three, and the net margins were 16.20%, 12.78% and 12.35% respectively, the three largest fund in the lighten position.

It is worth mentioning that Wang Yawei, who continued to add a warehouse earlier, sharply reduced the position last week.

Huaxia featured a net reduction of 5.63% a week, and China's strategy reduced its net position by 4.35% a week.

Market shock fund again take the initiative to lighten the "withdrawal"

In recent years, the stock market has been greatly oscillating, and policy easing expectations are gradually cooling down and short-term funds are tight.

From the operation of the fund, its overall initiative once again lowered the position, waiting for the market to stabilize.

Huaxia Fund led the reduction of positions

Haitong Securities data, nearly two weeks stock and hybrid fund stock positions from the previous 79.55% to 78.25%, a decrease of 1.31 percentage points, the highest level since 2006.

Specifically, the average position of equity funds dropped from 83.68% to 82.29%, a decrease of 1.39 percentage points, while the average position of hybrid funds was reduced from 72.93% to 71.75%, a decrease of 1.18 percentage points.

The recent operation of large fund companies is mainly based on the initiative of lighten up.

The average position of the top ten fund companies was 77.38%, a 1.60 percentage point decrease compared with the previous period.

Moreover, according to the performance of the market index, the change of the position of the 10 largest fund companies is caused by the initiative to reduce the position.

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Specifically, 7 of the ten major fund companies in this period reduced their positions and increased 3.

Among them, Huaxia and Noah fund company (micro-blog) reduced their positions by the largest margin, and their positions reduced by 6.06% and 4.12% respectively; while in the aspect of increasing positions, the southern fund company (micro-blog) was promoted relatively high, about 1.53%. In addition, most of the fund companies' positions remained at 75% to 85%.

Fund optimistic about growth stocks

On the one hand, European debt has been changing repeatedly, while the domestic market is uncertain. The recent A shares have once again fallen into readjustment.

Then, how does the fund manager look at the future market?

Zhan Lingyu, director of the research department of Harvest Fund and Castrol cycle preferred fund manager, said that China's economy is still in the recession of the long cycle.

In the coming year, the possibility of systemic opportunities in the market is less likely, but structural opportunities may dominate.

For investment opportunities in the future market, Zhan Lingyu believes that the competition in the equipment manufacturing industry will become the theme of competition from a global perspective. Therefore, it is a reasonable investment idea to find leading industries and stocks that can benefit from the new driving force of this kind of structural expansion.

Huaan Fund said that the market outlook is optimistic about technology stocks.

Recently, the science and technology sector has made frequent profits. The eight sector issued a document to enhance the financing of SMEs in the stock and bond markets, and decided to support the development of financial and technological enterprises.

Inspired by this, Internet of things, cloud computing, integrated circuits, high-end software, solar energy and other sectors continue to be active.

At present, the global economic environment is in a big pformation period, and traditional investment growth is weak. Looking at the bull market in the past ten years in the US stock market, apple, Google and so on are emerging from the emerging technology field. In recent years, China's emerging industries such as information technology, biomedicine, and new energy are also the cradles of Niu shares.

Pick up the hat and expect the strong fund to rob 17 ST

Removing the hat from the stars has once again become the focus of the market.

Statistics from the securities times data show that in the three quarter, 27 stock funds, including the Chinese stock market, selected 17 ST shares as an important bargaining chip.

Nearly half of the fund's new T - shares are the chess players at the end of the year.