129791860049062500_68Reporter TNT China "mingzhishanyouhu pianxianghushanxing". As ST unit annual report revealed one after another in the near future, funds intensive participation in the trash acts of speculation "emerge". According to the annual report of listed companies has been disclosed, total current funds into 50 ST stocks, since 2007 the highest peak, 2 per cent of total all shareholders of the Fund.43%, this figure also refreshes the records in two years. In the Securities and Futures Commission has repeatedly stressed that institutional investors should establish long-term, rational value investment ideas at the same time, why the Fund also frequently involved in "minefield"? "Betting" ST unit can really be an investment, weak road? How regulators and the direction of healthy development of the Guide to the value of the Fund investment?As we all know, "ST" is "high risk" name. However, this special status does not seem to hamper Fund to their favor. Data show that since the beginning of 2009, a total of 12 funds held for 3 consecutive years of "special treatment" unit. Including China Fund (micro-blogging) company owned by 4 funds, such as Cathay Pacific, China universal and lion flag-3 companiesUnder 2 funds.����According to the latest data, *ST in the Golden Horse, ST source access fund holdings exceeding billion yuan during the last four quarters, building pass is yinruixin *ST (micro-blogging) unique cartridge, 7 but Fund top holdings owned by Cathay *ST Cheng Gong. The oscillation pattern in the market, ST unit would be able to save funds in "fire and water"? At least in the long runAnd the answer is ' no '. "' Special process ' share of risky, has a special liking for its clock is nothing more than a high level of restructuring is expected. When restructuring success, after all, still a minority, and the risk of long-term suspensions and large swings in.����"Recently, the relevant departments of the Shenzhen Stock Exchange official said. According to the Shenzhen Stock Exchange, 2005-present, Board ST stocks in Shenzhen and*ST shares were major issues for more than 150 has helped business for more than a month of 59 times, some even suspending or business for many years, has no results, such as "*ST knowledge and innovation", "wide *ST", and so on. At the same time, ST stocks volatility is far faster than the market, such as during the January 4, 2011, Shenzhen Chengzhi gained2.37%, 18% ST stocks gained for the same period, and November 16, 2011, Shenzhen Chengzhi dropped 17%, ST stocks accumulated decreases over the same period was 34%. On one hand, ST unit delisting system of increasing difficulty borrowing; on the other hand, long-term loss of performance ST unit there stock price fluctuationsRisk. Why Fund but into which you want to? "Some problems due to the domestic capital market objective, value investing ideas are subjected to severe tests. "A senior market told a press conference that most fund companies have indicated that they adhere to the value investing philosophy, by developing industry, and stocks gain, but the prevalence in the a-share market speculation, hype, culture of equity and dividendsConscious weak listing, delisting mechanism lacks, fraud and other violations frequently, offering funds to the serious imbalance between supply and demand, as well as under the environment of relative rank as the main assessment mechanism, were picking up by institutional investors really "value investing" banner, it remains to be seen. Talking about how to fund "value investing" road
tera power leveling, said Wu Zhijun, Deputy General Manager of the China Fund
tera gold, which requiresConstantly improve the value of investment environment, including to investors and financiers focusing on the system of checks and balances, improved IPO environment, guide rational distribution of funds in the primary and secondary markets, and companies should take steps to make its investment value after being honoured, to include indicators of long-term dividends in listed companies refinancing, debt issued by prerequisites. China Universal Fund (micro-blogging), General Manager of forestLee also proposed reforms from the following aspects: first, further introduce long-term money into the stock market, reform of the pension system; the second delisting mechanism is established, poor performance shares delisting, purification market; third, promoting the body proportion, and the Fund to strengthen its investment and research capacities, resolute investment philosophy. He further stated that the now Fund pressure for some short-term investment fundSomewhat more serious speculation.����Funds to strengthen their own capacity-building, more effective implementation of investments, long-term investment, and the value of rational investment ideas. In fact, regulators also actively advocates value investing, and set about rectifying the a-share market investment environment. At the end of February this year, regulators will outgoing voice, for lead the securities the Fund value investing������Securities Investor Protection Agency in charge said
tera power leveling, securities companies, fund management companies to establish long-term, rational, from top to bottom value investment philosophy, in the industry-wide play to lead the "main force", constantly improving the service initiative, and the actual level of investor. Shanghai Stock Exchange General Manager Zhang Yujun has said about this, will take six steps to promote rational investment in Shanghai Stock Exchange in waterLevel: first, increase the intensity of market services and attract more high quality listings, further enriching the blue chip market, increasing the value and market attractiveness; the second is continuing to promote investor education and service, value investment philosophy of taking a series of activities to promote the popularity of three is taking a number of measures to improve the governance of listed companies, and the efforts to increase product innovation based on blue chip; five is to createAttract more long term such as pension and annuity funds into the stock market, nature of their preferred investment of these funds must be the subject of blue-chip stocks; six are closely with the reform work, lay a good foundation for rational investment and value investing. In April 2005 a case study of Shanghai and Shenzhen 300 shares, with 269 stocks over the past 10 years of statistics(January 4, 2002) earnings, found the arithmetic average rate of 166.6%, while the composite index gained only 33.62%. "This shows that the CSI 300, blue-chip companies to give investors above the market average earnings, and adhere to blue-chip stocks the main investment direction of active managementFunds can also be good returns.
"Market participants, from 2010 to 2011 fund companies experience this style of offset and toss back and forth amendment, capital of" labor pains "experience, stick to value investing is the Fund's successful King. SINA declared: this message is reprinted from Sina media, posted Sina passed this article for morePurpose of interest, does not mean to endorse their views or confirm the description. Article content is for informational purposes only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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