The Big three giants are the only survivors of the new market

The 21st century Economic report, Liu Zhensheng Chengdu, reported three major insurance stocks that are under pressure from the main thrust.　　From May 17, insurance stocks began to appear after the fall of 9 trading days, large single (more than 500,000 shares), big single (100,000-500,000 shares) of the funds have been the net selling Chou, peace and Tai Bao the big three each 81.87 million yuan, 458.9 million yuan, 787.1 million yuan. "There are two main reasons, first, the market is expected to increase the interest rate of insurance stocks has not appeared; second, worry about investment income will be difficult to see, the previous relatively stable to make new shares, now it seems to have gone."　　Said an insurance researcher at the National Maritime Securities.　　As of May 27 closed, the National Longevity Department "hit new action" of the lockout termination day (that is, the day before the release of the release of the previous interval) floating loss of 34.4629 million yuan, the peace system floating loss of 313 million yuan, the kingpin is a profit of 53.3821 million yuan.　　From a strategic perspective, the national life system has been cautious and cautious, the number of participation is only 28 times, but due to the mistake of mine, deep in China's west (601179.SH) break mud, so poor performance. China's peaceful new initiative is clearly higher, the number of participation is 78 times, but the loss is also the heaviest.　　Not only participated in Nanshan aluminum (600219.SH) of the issue, but also by China's west, Huatai Securities (601688.SH), China One Heavy (601106.SH) of the hold-up. Although the Tai Bao department has been allocated the least funds, but its adoption of a wide net strategy, participated in a total of 141 times, and the previous two, its involved in a broader range of stocks, and did not set the heavily in China's west-west and other break of the big stocks.　　This validates the biggest rule of investing: don't put eggs in one basket. According to statistics of wind information of large-market stocks, China Life Insurance (group) company and China Life Insurance Co., Ltd. in the first quarter, participated in the rich pro-yun Industry (002357.SZ), Sen Source Electric (002358.SZ), Zishing Tower (002359.SZ), Dan Fu shares (　　002366.SZ), Hao-hua Energy (601101.SH), China's electricity to the West 6 IPO placements.　　In addition to Dan Fu shares, Hao Hua Energy is still in the lock on a regular basis, the remaining shares have been lifted to lock the end of the day floating profit and loss calculation, China Life total loss of 34.4629 million yuan. The reason, in addition to the Hao-hua energy in this large market shares on the income is fair, its many small stocks on the gains are limited.　　What is more serious is that China's West Bank alone has made the new profits of Guo Shou suffer Waterloo.　　Data show that China Life's 5 insurance products have won the Chinese 58.686 million shares in the west, the allocation of capital of 464 million yuan, accounting for its as at May 27 to be allocated 531 million yuan of capital investment 87.38%. However, there are accidents, it is Chou so heavy warehouse of new shares, listed after the performance but let people fall below the glasses. January 28, the first day of China's electricity to land a-share market, it fell below the IPO price7.9 yuan/share, became the first day of 3.5 break of new shares. In accordance with the 3-month lock-up period, Guo Shou 5 products of the lifting period is April 28, but since then, Guo Shou has no chance to solve the set.　　On the same day, the highest price of China's electricity to 7.21 yuan/shares, then fell all the way, May 27 reported 6.53 yuan/share.　　Hatuo encounter similar, peace also fold large stocks. Up to now, the Ping an company to participate in the IPO placement and the allocation of additional investment funds for 3.739 billion yuan, the total involved 9 listed companies.　　From the amount of funds and the scope of the comparison, peace is obviously more active than the national life. However, the peace department in China's west, China, Huatai Securities three weight shares of the capital has reached its cumulative capital of 91.04%. Including Ping an endowment insurance company, Ping Life Insurance Company, China Ping An insurance (group) AG holding a total of 339 million shares in China, was allocated 1.932 billion yuan investment capital.　　China's price of a heavy 5.7 yuan/share, although after a recent rally, but the closing price is still 5.66 yuan/share. Ping ' an in China on the west to a total of 36.6574 million shares, the cumulative investment of 290 million yuan, in Huatai securities body, Ping An total of 59.0801 million shares, the cumulative investment of 1.182 billion yuan, the lifting period of May 26.　　Huatai Securities at the closing price of 15.24 yuan/share, fell 2.74%, more than 20 of the issue price has fallen to 23.8%.　　A shanghai-based insurance researcher, who declined to be named, said that the allocation of large stocks, sometimes does not mean that the insurance funds are very optimistic about it, more just the demand for the allocation of insurance funds, and the price to get chips, combined with the characteristics of insurance funds, in the long run, the benefits will be higher than　　Inspiring, since April, as of May 25, no longer see Chou, peace of the figure appeared in the new team.　　The analyst thinks, the board stock listing more, the insurance company even if the purchase, also take not how many chips, and because the issue valuation is very high, in this year's volatile market, the security margin of the new shares is poor, some insurance companies cautious also in reason.　　The Tai Bao net is compared with peace and Chou, the style of the Tai Bao is more a lattice. As of 27th, the 491 million yuan was allocated to the Tai Bao system, which was less than Chou and peace, but its interest was more extensive.　　Its participation in the IPO and the number of targeted shares reached 24, up to the end of the lockout day floating profit of 53.3821 million yuan.　　Even in the more turbulent two quarters of the market, Tai Bao also participated in the shares of Tianshan and Dongshan Precision, Nanyang Science and technology, letter state Pharmaceutical, Beijing Li, Dream Clean Home Textiles, provincial wide shares, the development of technology, and and Thailand, Love, NavInfo, Shaanxi Drum power, such as the allocation of new shares. In the break big stock of this "landmine" body, only the China Pacific Life Insurance Company's two products holding China's west, the total shareholding of 4.4901 million shares, accumulated investmentCapital of 35.472 million yuan, the lockout termination day floating loss of 3.9962 million yuan. In addition, in the new list of the Tai Bao system, there are still love to reach (002403.SZ), Ding Tai new material (002352.SZ), Hao Ninda (002356.SZ), Beijing Lee (002392.SZ), Dream cleaning Home Textiles (002397.SZ), Province wide shares (002400.SZ), Chint Electric (601877.SH) has been break quilt cover.　　But because the number of break shares in the bag is not large, the investment performance has not suffered heavy losses. Floating surplus contributor is the Pacific Asset Management company involved in the Tianshan shares (000877.SZ) additional. May 21, the Tianshan shares to 20.01 yuan/share of the price of Non-public offerings, the Pacific Asset Management company was finally allocated 10 million shares, the allocation of capital of 200 million yuan.　　As of 27th, the float is 17.4 million yuan, but the lifting period will be until May 23, 2011.　　In addition, to the Tai Bao system to bring more generous floating surplus and Jerry shares (002353.SZ), the new Beiyang (002376.SZ), the two respectively contribute to the floating surplus is 12.1638 million yuan and 8.868 million yuan. "The secret of the Tai Bao is two, the first is not very heavy positions betting break of the new large stocks, and secondly, in the current volatility market, clearly the risk of diversification into more stocks than the focus on a few stocks to be safer." "This is a comment from a shanghai-based fund company.