The fund's long positions last week rose close to all-time highs

The average net value growth rate of 248 open-end stock funds (which does not include index funds) in the net value performance monitoring of the Suchangjing fund is 4.5%, of which the stock type (Morningstar) is the best, the average period net value growth rate is 4.74%; the stock type (wind) performance is second,　　Average period net growth rate 4.72%; mixed (wind) average period net growth rate 4.21%; active collocation type (Morningstar) performance is poor, average period net worth growth rate 3.67%. Position monitoring Results 1. Overall Position: This period 248 open partial stock fund average position is 82.11%, relative to the previous period (04.24-05.08) position 79.21 increase 2.9%, if remove period stock market value change factor influence, overall 248 fund relative last period position roughly net change 2.86%,　　The Fund's positions are rising again close to record highs. 2. Various types of positions: the average position of the current stock (Morningstar) is 85.69%, relative to the previous position 82.47 rose 3.22%, if the elimination period of the stock market value changes, relative to the previous position roughly net change 3.19%; active configuration (Morningstar) average position of 69.84%, Relative to the previous position 68.04% up 1.8%, if the elimination period of the stock market value changes, relative to the previous position of the net change of roughly 1.74%; the average position of the stock type (wind) is 86.5%, the relative position of the previous period 83.17% up 3.32%, if the change of stock market value during the elimination period, Relative to the last period of the net change of position 3.29%, the mixed (wind) average position of 76.33%, relative to the previous position 73.98% change 2.35%, if the elimination period of stock market value changes, relative to the previous position roughly net change 2.3%.　　All types of fund positions have risen. 3. Investment style Position: This issue of small disk growth position decline, relative to the previous period of change-4.32%, if the elimination period of stock market value change factors, relative to the previous position of roughly net change-4.39%.　　The growth of the market and the growth of the growing position of the increase is obvious, relative to the previous period of 2.93% and 3.13% respectively, if the elimination period of the stock market value changes, relative to the previous position roughly net changes 2.89% and 3.08%. 4. Position of each fund company: influence of changing factors of stock market value during the exclusion period, 58 fund companies have 44 positions net change is positive, of which the net increase in the position of more than 7% of the fund companies are sincere, Nong Yin Hui, Nord, East Wu, million home, Shen million Paris, Societe Generale Global, Everbright Pramerica, Tianhong and Peng Hua　　14 fund companies have a net change of position, of which the net decrease of the position is more than 1% of the fund companies have days of governance, Wah Fu, the new century, benefiting people, East and Kerry. Historical trend in the last phase of the Fund's overall position of 82.11%, again approaching the historical high. At present, the institutional investors in China's a-share market (fund, brokerage, QFII, insurance, Social security funds, trust companies, accounting for about a share of the market value of more than 1/3, while the fund accounts for about a share of the market value of 20%. The current fund positions remain high, and the outlook will depend more on the newly established funds and other institutional investors.　　As for the new fund, there are 39 partial-stock funds set up, being raised and approved by the SFC since March 09, and the benefits of the new fund are worthy of concern. Table 1: Current position according to Morningstar fund type (excluding index funds) type of fund current position estimate previous position estimate relative to previous position change excluding stock market change net change relative to quarterly position change excluding stock market change Net Change quarterly release position stock type 85.69% 82.47% 3.22% 3.19% 7.86% 7.42% 77.83% positive Configuration type 69.84% 68.04% 1.8% 1.74% 7.41% 7.05% 62.43% all funds 82.11% 79.21% 2.9% 2.86% 7.75% 7.34%. 74.　　36% Source: Wind information, National Securities Institute Table 2: Current position according to wind fund type (not including index Fund) Fund type current position estimate previous position estimate relative to previous position change excluding stock market change net change relative to quarterly position change elimination of net change in stock market value change Quarterly publication position stock type 86.5% 83.18% 3.32% 3.29% 8.2% 7.76% 78.3% Mixed Type 76.33% 73.98% 2.35% 2.3% 7.17% 6.78% 69.16% all funds 82.11% 79.21% 2.9% 2.86% 7.75% 7.34% 74.36% Data Source: Wind information, National Securities Research Institute