Public offering fund gem to play new low ebb

Public offering fund Qingchaoerchu new gem began to ebb. December 28, the third batch of 6 gem listed companies published online and net purchase results, from the other than the insurance companies to participate in the network under the purchase, total received 25.84 million shares.　　Among them, 113 public offering fund products were allocated 7,089,453 shares, accounting for the total quota of 27.43%. According to the information of the data collected from the source, the public offering fund has been allocated 118,157,5.5 shares on average in 6 gem companies. In the purchase of the main body, is still the main bond funds, and concentrated in Dacheng, Rich, Warburg Xingye, Huaxia, Jianxin, China Sea and other few companies.　　This with the previous public offering funds almost qingchaoerchu to play a new gem in sharp contrast. 18th this month announced the results of the second batch of 8 gem companies, a total of 289 funds to participate in the purchase, the total was matched to 12,561,610 shares, accounting for 8 gem Company under the net issued total of 31.15%.　　On average, each company has an average of 1.5702 million shares allocated by the public fund.　　December 28, interviewed by the Public Fund Investment Institute said, public offering funds to the end of the third group of companies to launch the interest of the company, from the three big push. "The rate is too low, even if the new rate of return, not too much attraction."　　"The South Fund's chief strategy analyst DeLong said on the day that even with the yield of the new main bond fund, the lower rate of return is not much higher than the yield on short-term financing products. For example, the 365-day coupon rate for the 2009 issue of Ningbo Sea freight, which ended on December 25, reached 3.8%.　　Before the second batch of 8 gem new shares of a single hit the yield fell between 0.2% to 0.32%, much lower than the first gem 0.79% average yield. The investment director of a Shanghai fund company also holds the same view.　　In his view, for a scale of 1 billion funds, in the case of quota purchase, the rate is very low, the new income "The impact of the fund is too small, there is no need to spend too much energy." On the day of the announcement of the net results of the 6 Venture Board company's check rate compared with the first two batches, although some improvement, but apparently still failed to reach the level of public fund satisfaction. The announcement showed that only 18 public offering funds were allocated to the gum industry, the net of the check rate is only 1.6068%, with a number of 768,047 shares. NETAC Technology has 20 funds to be allocated, the number of 772,754 shares, the rate is 1.415332772%.　　[Page] "New money is known, these stocks are overvalued, the value of participation is not very small, like the first group of blind to take the money is not much." "The offer was taken, but one fund manager, who was not successful in the offer, said.　　In the previous, the CIRC expressly stipulated that the insurance funds must not participate in the gem to play new, market expectations gem will also be cooled. In the second batch of 8 home creatorsIndustry Board stock For example, after the first batch of 28 of the FRY, the second batch of stock show in a big convergence, the day's gains were not more than 70%, the average increase of less than 50%.　　This contrasts sharply with the average rise of 106.23% on the first 28 gem stocks. "And even if it is, the high price/earnings ratio is in the heart," said the investment director, controlling risk as the company's basic attitude towards the gem.　　In the latest third batch of gem purchase, and did not appear in the company's fund figure. According to Zhang, a securities researcher in the capital, the average of the 6 gem listings for 2010 is 41 times-fold. "Given that its high growth characteristics are not obvious, valuations are no longer attractive." The first day of the IPO is expected to average 60%, corresponding to 66 times times the dynamic PE. "In addition to the above two pushing hands, DeLong in an interview on the same day, said that by the end of the year, most of the funds in the next investment to do the layout, which also affected to a certain extent, public offering funds to participate in new enthusiasm. Since November this year, the span market has gradually become the consensus of public offering fund, has issued the 2010 investment Strategy report of the fund companies also optimistic about next year. The new gem, which needs a large amount of money for a period of time and a fall in yields, is making way for next year's market.