Broken MMMM impact some funds brewing pause dozen New

Kuanzhiyong on the first day of Tuesday, five new shares fell below the IPO price, the biggest decline was once close to 20%, by the end of the biggest share price down 14% lower than the IPO price. Unprecedented new shares "broken MMMM" shook the entire a-share market, around the issue of new shares of the industrial chain are in the restructuring.　　Shenzhen has a fund company brewing a moratorium on some of the fund's products purchase behavior, capital preservation funds and bond funds ready to suspend the "dozen new." The A-share market has been depositing tens of billions of dollars in the IPO market, which comes from individual investors, bank finance and various investors seeking low risk income. This year, however, half of the "hit new" investors have lost their money. The most powerful, of course, is the number of investors in Sinovel (601558.SH). Nanjing Securities A large business department of the 10,000-sharp wind power, the results of the loss of more than 160,000 yuan. and small and medium-sized retail investors "cut meat" away from the field, those who purchase new shares under the public offering funds on the one hand to suffer from the loss of new shares, and also endure locking three months "hold-up" suffering. According to our correspondent statistics, from December 10, 2010 to January 19, 2011, a total of 46 new shares listed, of which 24 break.　　Under the IPO announcement, a total of 38 bond-type funds under the network to purchase 20 break shares, to January 19 closing price calculation, the 38 bond funds "hit new" loss of 102 million yuan. A Shenzhen fund company researcher told the first financial daily Reporter: "Last week at the company's investment and research meeting, a fund manager proposed capital preservation funds and bond funds to suspend the purchase of new shares, many people agree." The company's capital preservation funds and bond funds have recently lost money in the purchase of new shares, facing great pressure. But the final decision will need to be decided by the Investment Committee. The researcher said it would suspend the purchase of new shares for at least three months.　　As for the stock fund, because the stock investment has the asset allocation demand, will not force stops the new shares purchase, but the company will be more cautious in the IPO inquiry. "Our two-level market for private equity funds to the emergence of new shares broken mmmm is welcome attitude." Hope that the collective break of the new shares can be forced to issue a pricing mechanism to completely reverse the issue of "three high" issues. Lin Xiongping, a private equity manager, believes that the break in equity is a measure of a collective protest by two-tier market investors for first-tier markets (restricted-stock shareholders) and one-and-a-half Market (IPO subscribers). It is due to the long-term existence of the "three high" phenomenon in the medium and new board, GEM, the high price of the IPO seriously compressed the listed companies in the two-tier market performance space.　　Shenzhen Zhan Bo Investment general Manager Feng that the new shares break is a stock market adjustment of a "lag" response, is a a-share market valuation system overall downward results. Lin Xiongping that it would take another two months for MMMM to form universal feedback on the IPO price. In the one months after the Spring Festival, when the IPO valuation level is lower than the current level 15%~20%, the level two market will appear moreMore investment opportunities. Lin Xiongping said: "I am now staring at the break of the new shares, some of the new shares are gradually approaching the reasonable price in our valuation model." ”