Fund three quarterly report: 429 fund loss 26.909 billion yuan

s

Although in the premise of losses, many fund appeared net redemption, but there are still many performance excellent fund to realize the share of the purchase. In the published quarterly report of fund company, there are 10 realize share net explain buy, but overall there are still 18.48 billion a net redemption
The third quarter a sharp drop in the stock market, the fund three quarterly report to loss is given priority to inscription, not surprising. As of October 25,, A total of 429 fund (A/B/C calculated separately, hierarchical funds combined calculation) published three quarterly report, total loss 26.909 billion yuan, and the second quarter earnings these funds 19.809 billion yuan; Net asset value amount to 769.463 billion yuan, and at the end of the second quarter 780.809 billion yuan 11.346 billion yuan than shrink, shrink range reaches 1.45%. As for the fourth quarter investment prospects, from performance report disclosed the look of content, the fund manager for the market outlook generally is not optimistic.
But it is worth noting that the third quarter have 10 fund company realize share net explain buy, especially some performance good small and medium-sized firms are also poor third quarter achieved net explain buy, it serves to show market "undercurrent" surging.
Loss has become a habit
Net redemption into a warm current
Although in the premise of losses, many fund appeared net redemption, but there are still many performance excellent fund to realize the share of the purchase. In the published quarterly report of fund company, there are 10 realize share net explain buy, but overall there are still 18.48 billion a net redemption. That investors in the macro economic downturn of funds in the stock market the profitability of the entities concerns. However, some performance good small and medium-sized companies in the third quarter of the purchase. Citic prudential fund such as compared to the second quarter net purchase rate is 28.90%, this is mainly comes from citic prudential select growth share in September increase of about 3.9 billion, including the fund 2012 annual first turn share dividends. "11" long holiday, PuYinAn cheng monetary B by investors chase after hold in both hands. According to statistics, the fund share in September increase nearly 650 million, also makes PuYinAn cheng fund (micro Po) in the third quarter the company overall net purchase rate reached 15.16%. Zhejiang shang peace AnDaHua two companies scale relatively small, investors to redeem the overall stock share larger impact. The third quarter have two companies' net redemption rate in more than 15%.
In addition, as the first three quarters of this year's championship, upthrow emerging power by capital chase after hold in both hands, the third quarter net purchase of 209 million copies, share increased by 78.16%. In addition, the first three quarters of equity funds in the performance ranking the third, fifth central new driving force and xinhua industry cycle wheel dynamic share growth also impressive, and for net purchase ratio up to 49.34% and 60.41% respectively. Since this year partial shares fund sales anomaly difficult situation, these funds depend on "grab an eye" performance gain share growth.
Good buy fund statistics show that in configuration, the third quarter of the fund stock investment value more than the highest three industry in turn is financial insurance, food and beverage and mechanical equipment, accounting for more than 14.20%, 12.31% and 11.15% respectively. From the industry configuration can see, medical biology, food and beverage, etc big consumer plate investment than growth are relatively obvious, the show fund in the macro economic slowdown big background, improve the defensive plates asset allocation. In addition, in China's economy in the process of transformation, the electronic industry showed a certain leading role, since this year like dahua shares (42.54, 0.15, 0.35%), AnJie technology leading enterprises increase as the key configuration electronic plate fund brought the big income.
Pessimistic gradually into a kind of destiny
Eighteen big into industry beacon
The third quarter performance misery, the fourth quarter can have a transfer? From the current three quarterly report disclosure condition looks, fund managers for the market outlook is not optimistic. Reporters through many fund quarterly report, pessimistic atmosphere thick, "the market difficult to have big system opportunities and stock market lack of rising opportunity" and so on the words appear frequently.
Dacheng fund manager core double power in three quarterly report, said the outlook in the fourth quarter, the economy is still in the early stage to capacity, in the long term (3 to 5 years) economic fundamentals look, the present economic big probability won't appear to a larger extent of "V" type fluctuation, in production stage, the economic fluctuation mainly inventory cycle brings small-scope fluctuation is given priority to. The current economic may have the bottom of the cycle into the small area, but the strength of the recovery is weak, based on the judgment, the market trend are hard to show a big market.
"On the one hand, through sustained economic data and policy expected correction, the market expectation has fallen to a low level, valuations have strong attraction, more and more industry capital began to increasing or buy back shares; on the other hand, infrastructure investment began to appear restorative rise, real estate to the progress of inventory is good, developers take to start and the enthusiasm of the recovery, and at the same time, the American economy is going well, the debt crisis stabilises also helps to export turn good, cyclical negative factors to begin to turn positive. But it is undeniable that China's economic structural problem is still outstanding, in view of the real estate prices rebound, monetary policy may also will continue to lag, and long-term economic growth momentum is not clear, the stock market is still lack of systematic rising opportunity." Po concentration when the fund manager in the quarterly report also is "low key".
Oriental strategy growth stock fund managers YuXinZe have expressed optimism. He thought, "the fourth quarter is expected to China's economy went out of whack". At present, China's investment and consumption are steady growth, the domestic demand potential is tremendous. Effect of China's economic growth is mainly export. The debt crisis relief will effectively improve overseas consumption, so as to stimulate China's export. In this case, the enterprise complement inventory behavior of ascending to economic growth. The economy stabilises combined with market's overall undervalued, will help the capital market performance.
Long filled with DE fund managers are more concerned about future strategy, they believe that in the future a quarter, need to balance "economic when exploratory bottom and domestic steady growth policy when essence push" this one contradiction, the short term need more actively balance policy and economic, pay close attention to the fourth quarter eighteen big meeting of the banking industry and the rate of growth of long-term and medium-term loans; policy