March 14

Buy funds, buy stocks, pension funds, target funds

Buy funds, buy stocks, pension funds, target funds

Every reporter Ye Feng of Nie Hong, editor of Ye Feng on the evening of July 15th, the public fundraising report for the second quarter of 2019 began to disclose.

These include several retirement FOF funds.

  ”Daily Economic News” reporter noticed that about the first quarter of this year, the proportion of pension FOF equity investment has been significantly increased.

Judging from the second quarterly report of the pension FOF that has been disclosed so far, it seems that the first batch of pension FOFs set up at the end of 2018 all stepped up to build positions in the second quarter, and the average value of equity and fund investment increased significantly.

  Buying stocks: The main investment direction of FFO and large consumer FOF is funds. According to regulations, no less than 80% of fund assets should be invested in funds.

Therefore, from the quarterly report of this year, only two of the 36 FOFs with data bought stocks, and the market value of investment stocks accounted for the highest total asset value of the fund does not exceed 5%.

  However, from the perspective of the first batch of pension FOFs released in the second quarterly report, the situation in which FOFs are not worthy of stocks or allocations below 5% has changed.

On July 16, Nanfang Pension took the lead in publishing the second quarter report for 2019 in three years.

The report shows that as of June 30, the Southern Pension Fund 2035 three-year investment fund accounted for 88% of the fund’s total assets.

61% decreased slightly to 83.

96%, the ratio of investment stock market value to total fund assets increased from 0% at the end of the first quarter to 13.

89%.

Among the top ten heavy storage stocks, the fund’s largest allocation is Ping An of China, which accounts for 1 of the fund’s net asset value.

71%, followed by Moutai, Guizhou, China Merchants Bank, Industrial Bank, CITIC Securities, 西安耍耍网 Yili, Hengrui Medicine, Bank of Communications, Minsheng Bank and Pudong Development Bank.

Not sharp, the FOF additionally favors finance and large consumption.

  In addition to the direct allocation of stocks, the number of equity funds and their proportion to the fund’s net assets in the top ten heavy storage funds have also increased.

In the first quarter, there were only three equity funds, including the Southern Glory A 2023, and only Southern Glory A (accounting for 11).

47%), China Securities 500 ETF (3%).

67%) and Guangfa Excellent Enterprise Selection (3.

48%).

As of the second quarter, the number of equity funds increased to five, including Southern Lean C (accounting for 10).

68%), Huitian Rich Value Select A (4%).

42%), Dacheng is preferred (4%).

17%), CEI found A (4%).

14%) and Guangfa Excellent Enterprise Selection (3.

55%).

  In terms of investment operations, the fund manager stated that in the second quarter of this year, the fund will continue to stabilize its equity positions, and the allocation ratio will gradually approach the benchmark for performance comparison.

It is understood that Nanfang Pension, which was established on November 6, 2018, has a current equity ratio of 35% in 2035.
60%.

  Buying funds: Equity-type accounts for a relatively high percentage of stock investment in the second quarter of 2035 of the Southern Pension Fund will increase significantly, but as far as FOF is concerned, the fund is the main meal.

It is also one of the first batch of 14 Penghua pensions in three years 2035. It was established on December 5, 2018, and the six-month position-building period ended at the end of the second quarter of this year.

Therefore, it is no surprise that Penghua Pension will earnestly “buy, buy, buy” in the second quarter of this year in 2035, and by the end of the quarter, the proportion of fund investment has reached the standard line of 80%.

  Penghua Pension’s second quarter report for the three-year period of 2035 (FOF) shows that as of June 30, the FOF has focused on increasing the proportion of fund allocations, and the market capitalization of investment funds accounted for the top 20 of the total assets of the fund.

47% to 81.

46%.

In terms of specific fund allocations, Penghua Pension is also richer than this quarter in 2035. There are three flexible allocation funds, two partial-share mixed funds and two medium- and long-term pure debt funds, QDII stocks.One QDII bond type and one passive stock index type.

And in terms of quantity and proportion, the proportion of equity funds is significantly higher.

  The proportion of fund investment and the proportion of equity fund investment also increased. TEDA Manulife Taihe Pension (FOF) was established on October 25, 2018.
According to the second quarter report, as of the end of the second quarter of this year, the market value of the FOF investment fund accounted for 73% of the total assets of the fund.
25% increased to 91.

08%.

In addition, in the first quarter of this year, only the top ten heavy storage funds in the top ten heavyweight funds were Richland Shanghai and Shenzhen 300 Enhancement and Huaan Strategy preferred two equity funds, which together accounted for 8 of the fund ‘s net asset value.

54%.

By the end of the second quarter, Huaan Anshun, Huatai Borui Quantitative Intelligence A, E Fund SSE 50 Index C, and 5 equity funds were added, accounting for 27% of the fund ‘s net asset value.

  As more quarterly reports of pension target funds are disclosed, reporters will also pay more attention to the latest investment developments of the fund in the second quarter.



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Posted 03/14/2020 by admin in category "新闻