Fund investment pattern in the 2013: the best debt base has not continued to be strong

Securities Times Network (www.stcn.com) December 30, the final investment in 2013, the last two trading days remaining. If there is no particularly big accident, the fund's 2013 investment in the "big picture" seems to have settled. According to the Shanghai Securities daily, but compared with previous years ' investment, this year's "pattern" is somewhat different. One, the fund in the equity investment in the heavy spine, the overall performance of the best in nearly 4 years; both, the growth of the stock base and the value of the two factions of the performance differentiation is very obvious; three, the debt base last year's galloping end, the overall performance weak in 2013. Does the best fund in the last four years have the ability to make money for investors in the stock market? At least this year, the fund's answer can be relatively assertive. As of December 27, the average net worth growth rate of the active stock fund and the Bias Stock fund has reached 16.46% and 11% respectively this year, while the Shanghai Composite Index and the Shanghai and Shenzhen 300 indices fell 7.4% and 8.7% respectively. Of the 553 stocks included in the survey, 535 were winning the market and 477 were earning positive returns, of which 12 stocks rose more than 50%. Not only that, compared to previous years data, the performance of the stock base this year is also commendable. Data statistics show that 2010-year average net worth of active stock fund growth rate is 3.02%, 2011 is-24.94%, 2012-Year active stock fund and partial-stock fund yield respectively 5.61% and 4.1%; relative income, 2010, the active stock fund ran the Shanghai Composite Index 17.33%, 2011 years to run the market 8.26%, 2012 equity fund to win the market 2.44%. As a result, the fund's equity investment in 2013 has been the best performance since 2010. In recent years, affected by the continued volatility of the market, the Fund's ability to make money in the stock market was tortured; this year, the stock base accurately grasped the structural market, and even once again played the role of market investment hot spot, both in the relative income or absolute income angle, are temporarily "back a city. Growth pie languish winter needs to point out that, although the overall look at this year's stock performance eye-catching, but in the structured market throughout the whole year of the background, the growth of the stock base, the value of two factions, the performance of differentiation is obvious. Bet on the growth of emerging industry funds to occupy the commanding heights, on the contrary, stick to the value of blue-chip position funds are helpless behind. Statistics show that, as of December 27, the current ranking of open active biased equity fund is the first of the strategic emerging industries in China, the net value of the year rose 82.78%; long sheng Electronic information industry, Galaxy theme strategy followed by the year, the annual increase of 73.82% and 73.06%; In addition, the Invesco Wall domestic demand growth, Invesco Great Wall Domestic demand growth of the other, the Chinese business theme Select, Huaxing xingye industry, the core advantage of the treasure surplus (a), the Agricultural Bank and the main consumer theme and the Galaxy sector preferred also among the top ten, the year's increase of more than 52%. From the perspective of investment configuration,Exclusively, the leading stock of annual performance, is a fan of growth stocks. As an example of the strategic emerging industries in China, according to the product agreement, the Fund invests in strategic emerging industry-related shares not less than 80% of the fund's equity assets. Quarterly shows that its third quarter to maintain the computer, energy-saving and environmental protection industries such as high configuration, while increasing the distribution of electronic components and pharmaceutical stocks. Top ten warehouse stocks are spinning pole information, three environmental protection, er Kang Pharmaceutical, Dambong Technology, Han Ding shares, Sudavig, Huayu software, ring Asahi Electronics, Sunwoda and porcelain materials. Statistics show that the Gem Index, the SME Board Index and the China Certificate 500 index rose 81.31%, 16.76 and 16.02% respectively. The relative growth of the fast-growing faction, the value of the blue-chip position to send funds weak performance year. Yifangda resources Industry, the East Wu industry and China Bao Xingye resources, such as resource-type theme funds in the bottom of the list, the biggest decline in net worth of nearly 30%. This is different from the pattern of investment in the 2012. Last year, there was no obvious common style of overhangs performance, the strong rebound in financial property in the four quarter made the value faction a place in the merit list, and in 2013, despite the risk of a pullback in high valuation growth stocks, blue chips have been slow to reverse and have two trading days left to invest, with the current gap The value pie has been an unspeakable comeback. The strength of the debt base has not continued and in the low risk product, last year the scenery infinite debt base sudden change innings. Affected by the weak performance of the basic market, as well as the continued display of the ability to absorb gold, the debt base this year, a larger performance, scale fluctuations. Data statistics show that in 2012, the average bond fund rose by about 7%, higher than the average of 5.82% per cent, but the bull base, which propped up its net worth, halted this year. The whole year financial market overall tight, June more "money shortage", the bond market since June began to go after the bear, the net value of debt is helpless to fall. According to statistics, as at December 27, the average bond-fund increase narrowed to 0.13% in the year, with 195 a/b/c (separately counted) face value below $1. From the beginning of June to the end of November, more than 10% per cent of the debt base fell by more than 8, mainly the convertible bond fund and the leveraged fund B share. It is noteworthy that, in addition to the basic market reasons, the fund itself in the bond market to judge, compliance wind control and bond investment style deviation of the grasp of the place worthy of reflection. As a result of the wrong bond market, many fund companies this year have put the weight of the issue of new products on the debt base, in the total share of the fund issued this year, the debt base accounted for 49.95%, compared with the 2012 27.44% significant growth. In the previous November, when the new debt base was first raised by more than 350 billion, the overall debt base was 800多亿份 at the end of last year, with a net redemption of over 20%, while 27 bonds were announced to extend their recruitment period during the year. In addition, the impact of the industry nerves of the bond market verification storm also exposed the problem of debt-based investment, on the one hand, investors are aware of the risk of "the bond rat storehouse", anotherIn the process of deleveraging, debt-based investment also faced challenges. On the other hand, the Money fund, with its high yields and high liquidity, attracts a lot of low-risk capital to settle, reducing the sentiment of the debt base. The liquidity squeeze provided the momentum for the 2013-year money-fund earnings growth, with its full-year overall income easily overtaking the one-year term deposit rate. Galaxy Securities data show that the money market fund A, B-class average yield of 3.81% and 4% respectively. Read on: This year's equity champion or set to chase high investment needs to be cautious