2,600-point high shock fund to see how short?

Tian Ming, general manager of China Merchants Fund Research Department, said: "From the overall market trend, although still will be shaken, but we remain optimistic for the medium and long term, that the index at 2,500 to 3,000 points this interval is more appropriate." "The market continues to rebound in the heartbeat.　　Since May 7, prev Close after 2,600 points, has been maintained in the vicinity of the 2,600-point high shock, and the fund for the outlook of the optimistic, it seems that there is no resting stop meaning. This optimism also led to some worried speculation, whether the fund is watching more short? Is collective optimism a precursor to a slump?　　is the fund in the end of the investment or in the lighten? Investment bank real Estate Petrochemical According to the CIC Securities Fund position Monitoring double weekly, as of May 8, the latest calculation results show that 259 open partial-stock funds average stock position of 84.39%, compared with two weeks ago, the average change of position 2.72%.　　The number of stocks with more than 10% per cent in a single fund accounted for 21.5% of the sample. Where does the fund add up to? BEIJING, a public fund manager told the "Huaxia Times" Reporter: "from these two days on the plate is not difficult to see, banks, real estate, steel, coal, cars are the object of the pursuit of funds, the fund to increase the size of these plates become the main reason for the rise." We have also been doing structural adjustment, in front of time compared to the increase in some of the big blue chip, but the proportion of blue-chip back to normal. In fact, the market style and small plate style of stock sometimes alternating performance, not necessarily the absolute holding which style is good. We mainly look at valuations, closely follow the hot spots, not too according to the size of the plate to divide the obvious style. "Chinese Business Fund Research department general manager Tian Ming is particularly optimistic about the petrochemical industry, he told reporters:" We adjust the direction of one is to follow the policy, grasp the different industries, the second is to follow the economic recovery process, grasp the recovery sequence of various industries, we believe that the current chemical industry has the opportunity. From the whole market running trend, although still will concussion, but we remain optimistic in the medium and long term, that the index at 2,500 to 3,000 point this range is more appropriate, 2,600 points still have the opportunity, do not have to drastically lighten. But there may be a 10% to 20% adjustment space downward, which remains to be seen, and there is no sign of a sharp fall. "Boshi fund manager Xiaojun is also more optimistic, but also on the real estate more bullish." He said the market was rising in the middle of the doubt, and that markets had risen more than most people had expected. But market valuations may still have room to rise, and the market should be able to go further in the context of improved earnings.　　In terms of industry, we are relatively optimistic about a highly correlated with fixed asset investment, the expected growth of relatively clear some cyclical industries, such as building materials, construction machinery and real estate industry.　　No significant increase in the intention of banks, real estate, such as large market value plate to become the darling of the fund, there are some worries on the market, that the fund is optimistic about the blue chip is not optimistic about the future, because the opportunity to find a good, so choose these safe marginal relatively high plate. Tian Ming said: "Our position is relatively more recent thanMore stable, at the end of April to the current position change less than a point, is not deliberately added to lighten, just do structural adjustment. Configuration to the bank, oil, petrochemical on the turn, through the industry adjustment to reduce portfolio risk. "St. Xiaofeng Fund Research Center marketing Director in the" Huaxia Times "reporter interview, said:" The large blue-chip valuation security margin high, in the investment process, investment and defense, at the same time with the offensive and defensive, not to represent not optimistic about the future, just to improve the safety margin. "Xiaofeng's view has also been recognized by several fund managers. The North Beijing Public offering fund manager said: "The bullish blue-chip will not represent not optimistic about the future, did not hear which fund a substantial sales, we have not changed the position, there is no substantial intention to lighten." The transformation of style is the adjustment that the valuation of some industries must be made to a certain level, and choose the plate with more investment value. "In an interview, a public fund manager in Shanghai told reporters:" I am managing a new fund, so still in the opening, choose relatively safe, fundamental determination of the company. Banks, real estate and other valuation cheap, so continue to overweight, small and medium-sized style of proper control of the position. The possibility of a sharp decline, the appropriate to increase the share of the holder to bring better earnings, the future to see the trend of macroeconomics, I am on the whole optimistic.　　"The oscillation upward pattern is not changed but after all, the market rushed to 2,600 points, to avoid the risk of the cry, about the fund to lighten the rhetoric, and some institutions of the fund position measurement data also show the Fund in the light." Xiaofeng told reporters: "More than 2,600 funds should be considered to lighten, at least not chasing up, valuations are not cheap, whether the new fund or the old funds are unwilling to undertake in high places." This phase of the main tone is to grasp the stage market, although the vibration of the pattern has not changed, but the high level to lighten up for a start, this is the long-term strategy and short-term strategy combined. One is to lock in revenue, and the other is to reduce costs. The fund, which has a high initial position and a good profit, is not now rising faster than who, but more than the other. "The Fund for the future is a collective optimism." China Sea Fund believes that a shares of the strong rally, technically, the upward trend is indisputable. The reason the Government is not too empty is that its resolve to revive the economy remains unchanged and is being strengthened; the contradictions and uncertainties of macroeconomic data may signal the early stages of economic recovery; the previous correction since 2009 has been lower than expected, suggesting that the pattern of market space has changed. It is recommended that future attention be paid to real estate, mining, black gold, catering tourism, nonferrous metals and machinery.　　It is recommended to avoid agroforestry, electronics, information, medicine and public.　　Similarly, the investment fund is also more optimistic that the May market shocks upward pattern will not change, they will take a relatively positive offensive configuration. China Merchants Fund said that they are relatively optimistic about the flexible cyclical industry and the policy-benefiting sectors of investment opportunities. As a result of the accumulation of rigid demand for concentrated release pull, real estate and automobile and other leading industries show a relatively high degree of prosperity; boom at the bottom, may usher in a phased rebound in the steel industry, and the relative estimateValue is low, and investment opportunities in sectors such as the coal sector, which benefit from inflationary expectations, are worth focusing on.