011 is definitely an extraordinary year for the fund industry, the market decline was as deep as 20.77% during the year, compared with a total of 363 bonus return without a charge being only. According to the analysis, maximum impact this year to fund industry reputation than the Fund in the frequency of "Black Swan" events. Weekly Fund interception of the year of the Fund's most wounded 8 stocks, (quarter over the incident more than 5 Fund top holdings) they were shuanghui development, CSR, in constant group, hualan bio, guanghui shares, purple Xin pharmaceuticals, Chongqing brewery. and individual stock to detonate "Black Swan" events accumulated 36 involved venture capital firms. It is worth noting is that some Fund top holdings "Black Swan" after stocks hit hard, and no evacuation of the action, but bargain buy., shuanghui lean events exposed, top holdings but increases the number of funds does not drop, as at the end of the third quarter, the number of Fund top holdings have exceeded the 2010 end of year,
59. in addition, the Department of Chinese top holdings shares of guanghui new energy business progress in tough situations, on October 10, or even fell, however, the three quarterly reports shows that Wang yawei still top holdings of the unit, the unit of the Chinese market and Chinese strategy funds from a three quarter rise to 9.4% of. On this, Galaxy Securities Fund Research Center General Manager Hu Lifeng think, Fund ready to risk stepped on mine of insurance, gamble a unit, is because current of stock market policy, and has what of stock market policy on has what of investment fund policy. he think institutions investors in II level market of returns way still is stock post income, through post game implementation proceeds. frequently earned price difference, while intensified has shares fluctuations, on the holding time short let public raised Fund does not willing to bear buyer of responsibility to constraint listed company. Fund hit "Black Swans" Fund weekly reporter noted, "Black Swan" events which injured
Clearly and associated fund holding warmth is inherently. Publishing notice said "hepatitis b vaccine" effect does not obvious of Chongqing beer, since on December 8 complex brand yilai, has continuous 7 a trading day fell stopped, shares also from 72.95 Yuan/unit Zhijiang 38.76 Yuan/unit, decreases reached has 52.18%. and fund three quarterly display, the unit was 20 only fund into to Qian ten heavy cartridge unit. which large into its 9 only fund Trojan holds the unit 44.9515 million unit, holding total market value up 2.83 billion yuan. in addition, rich Department also has 4 only fund heavy cartridge the unit, Trojan-holding 2.5213 million shares, stock ownership amounted to $ 158 million in the market value. If the number has not changed, only 7 days, 20 top holdings of accumulated floating losses $. warehouse of Chongqing beer fund performance during the year most of the bottom. The same scene also occurs in the first half of shuanghui development unit, which will yield to nobody in funds
In 2011 most injured of a unit, in March burst out "lean fine" event Hou, shares in continuous 3 a fell stopped Hou, still cannot stand, since on March 15 ended May 4, the unit of decreases reached has 35.08%. However, 2010 Fund annual report display, Trojan 169 only fund holds the unit, involved fund company 41 home, 56 only fund more is will its into to Qian ten heavy cartridge unit, Trojan holds double meeting development 216 million unit. and Huaxia, several mass of fund company name also impressively display which. most interesting of is, its over 5 only above Fund heavy cartridge double meeting development on has 4 home. industrial global its 3 only fund heavy cartridge double meeting development, holding total 22.9865 million unit, holding total market value reached has 2 billion yuan, became heavy cartridge double currency value up to of a home fund company. Industrial global hit "Black Swans" stories to unfold. suspicion of buying fake purple Xin pharmaceutical sales, performance
Two calendar months were suspended on October 24 after the resumption, also encountered 3 consecutive drop. data display up to three quarter top holdings of the unit involved 5 funds accumulated shareholding 10.4708 million shares, total market capitalisation of 166 million., Pu Yin and industrial global AXA 2 Fund top holdings respectively. In addition, with with new energy of transformation, wide meeting shares of shares occurred has reversed. ended on December 16, this year yilai wide meeting shares of returns fell 20.62%, on October 10 even fell stopped. the unit of half a year reported display, include has Huaxia dividend, and Huaxia revival, Huaxia Department 5 Fund are heavy cartridge the unit. Wang yawei of Huaxia market and Huaxia policy respectively holds the unit 31.08 million unit and 12.61 million unit, accounted for net proportion are super 9%. Funds to increase its stake gamble tomorrow Fund collective frequently strike a mine, did funds in a short period of time causing great losses, affected not only performance, but also by investors voting with their feet,
Funds into huge redemptions. Which, if 2010 annual report in the Fund holds double meeting development unit number does not variable, only on March 15 is the unit fell stopped of day, heavy cartridge of 58 only fund Trojan losses on reached has 1.268 billion yuan. was double meeting of effect, industrial global and country Thai a quarter-respectively suffered 4.6 billion copies and 3.261 billion copies of massive redemption. hold mission wide meeting shares of Huaxia Department Fund also was must of effect, if II quarter holding is not occurred changed, only on October 10 fell stopped of day, Huaxia 5 Fund Trojan floating losses 175 million Yuan. only Wang yawei of Huaxia market and Huaxia policy on floating losses 103 million Yuan. However, detonated "Black Swan" event Hou, Fund on a unit attitude is still calm. data display, double meeting in a quarter outbreak lean fine event Hou, Fund in the reported display, still has 43 only fund heavy cartridge double meeting development, which industrial global heavy cartridge the unit of fund number is increased to 8 only, country Thai also also retained has
3 Fund top holdings. three quarterly released subsequently showed, Fund top holdings shuanghui stakes to 102 million shares, although the end of the year reduced 53%. However, the cartridge number is fanchao, 59 per cent, it is worth noting, since May 4, as of December 16, stronger shuanghui development trend, jumped 27.62% 52% market exceeds earlier. In addition, in the constant group canceled and original total dealer Shandong step medicine company cooperation Hou, originally in II quarter-heavy cartridge of 19 only Fund ended three quarter late only left 6 only. However, different of fund company attitude still varies. which heavy cartridge of China commercial Department 5 Fund fled 3 only, and guangfa Department in II quarter-2 only fund Trojan heavy cartridge 80.2293 million unit of situations Xia, three quarter-guangfa poly Feng also strong settled in, 3 only fund Trojan heavy cartridge 78.0515 million unit. Experts recommend Galaxy securities funds research center, select low-risk fund Hu Lifeng
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