Long cardioversion Card Scramble fund Rank a pool of spring

Today, suspension of the Yangtze River Power to a year long will be a duplicate, the Yangtze River Power Plate in different performance will enable the Fund to adopt different valuation methods, different valuation methods will have 2% or 3% of the net worth of funds, so will disrupt the fund ranked "a pool of spring." The performance of the plate determines the valuation method of the fund last September 12, the SFC issued the "guidance on further standardizing the valuation business of securities investment funds", according to which the fund used the "index valuation method" to calculate the net worth of the fund.　　Following the issuance of the guidance, the fund holding the Yangtze River power during the suspension of the Yangtze River Power is indexed valuation, but the different performance of today's Cheung Kong Power recovery will determine what valuation method will be used to calculate the net worth of the fund today. A fund accountant for the company said that there could be three kinds of performance in the Yangtze Power today: Non-stop state, fall open and fall, direct fall, if the Yangtze River Power has been in the non-stop today, then the holding of long-power funds in accordance with the market value of the calculation of the net, this is the most uncontroversial; if the Changjiang power falls and stops opening　　and transactions are active, the fund may be valued by market capitalisation, January 12 this year, Salt Lake Group is also a flop opened after the fall, holding the Salt Lake Group's strategy Growth Fund has adopted the market capitalisation valuation; If the power of the Yangtze River Falls directly today, according to the fair value principle, the fund holding the Yangtze River Power will still be valued by index method. However, fund managers and brokerage researchers generally optimistic about the performance of the Yangtze River Power, a senior Shenzhen fund manager said, from the timing of the recovery and restructuring plan, he believes that the Yangtze River Power is not a stop but trading. The Yangtze River Power before the May 7, 2008, the Yangtze River Power close to 14.65 yuan, the day of the Shanghai Industrial Index close to 3059.08 points, up to May 15 this year, the Shanghai Industrial Index reached 2162.47, now the Shanghai Industrial Index is only a lower than the Yangtze River Power on the day of 29.31%. Second, the Yangtze River Power overall listing scheme is very attractive, the Yangtze River power to undertake debt, non-public issue shares and pay cash, the acquisition of the holding shareholder of China Three Gorges Corporation held the initial assessment value of about 107.5 billion yuan of target assets.　　Therefore, the Yangtze River Power injection of 107.5 billion yuan of assets to a large extent can make up for the 30% valuation gap.　　From the brokerage report, CICC, China Merchants Securities and the equivalent of 8 research institutions in the Yangtze River power to give a recommendation, strongly recommended ratings, of which, Oriental securities for the next 12 months within the target price of 17.50 yuan, but also the UBS Securities gave a sell rating.　　5 Fund rankings or raise 10 positions if the Yangtze River Power does not fall directly today, the fund that holds the Yangtze power will be greatly benefited. The Fund quarterly shows that the Yangtze River power in the first quarter of the net worth of funds in the former Fund for the Franklin National Sea Elastic Market capitalisation fund, the Yangtze River Power in the first quarter accounted for the fund's net worth 6.98%, followed by Morgan Stanley Huaxin Basic industry, the Yangtze River Power in the net worth of the fund accounted5%, the next is the Pan-Pacific coast, the Yangtze River Power in the net value of the fund accounted for 5.11%, the Yangtze River Power in the large blue-chip net worth accounted for more than 5.09%, Bo time the tertiary industry held by the Yangtze River Power in its net worth of funds accounted for 4.85%. Therefore, if the power of the Yangtze River is closed today, the net worth of the 5 heavy power in the Yangtze River will increase by about 2% to 3%.　　If the Yangtze River power is rising or even trading, the net worth of 5 heavy warehouses holding the power of the Yangtze River can be raised even higher. In the case of the Morgan Stanley Huaxin basic industry, as of May 15, the net value of the fund increased by 25.46%, in the Galaxy Configuration Fund ranked 23rd, if today's long level, the net value of the fund will increase by 2%-3%, the fund ranking can be raised from 23rd to around 12th,　　Franklin Country Sea Elasticity market value can also raise 10 position. In addition to the 5 funds holding the Yangtze River Power, there are 119 other funds holding the Yangtze River Power, if the Yangtze River Power does not fall directly, then the net value of these funds will be greatly improved.