Small and medium-sized shareholders are daunted again, the market has reached this point, the performance of various funds is not improving, so under such a crisis, it is said that the first half of the private securities products are still stepping up the filing, and now it has reached a stunned 3396, which is dominated by quantitative private placement products, which shows that some controversial market tools will not be banned at present, but there is a situation of scrambling to get started!
Objectively speaking, the so-called quantitative private equity is completely different from that of ordinary fund institutions. Although its name has the word private placement, it seems to be no different from a general fund company, but it does not have the slightest incremental attribute, because of its two-way hedging automatic trading characteristics, it is one of the unstable factors that lead to large fluctuations in the market. In addition, because quantitative institutions generally adopt the T+0 trading rules that are half a position ahead of retail investors, whether it is a rapid response to information or a grasp of the timing of entry and exit, it has always had a unique advantage, and as ordinary shareholders, even if we have the ability to operate through the sky, it is completely impossible to compete with them in a fair game.
Some people may jump out to refute, saying that Wall Street has long been prevalent in quantitative institutions, why do they want to point fingers at domestic quantitative institutions? I think that specific issues need to be analyzed in detail, and we must not confuse two places where the market situation is very different. It is true that there are a large number of quantitative institutions in the overseas market, but the relevant regulatory measures are also followed, and all their operations are limited to a moderate range.
Generally speaking, the more filings for a private securities product, the better, as it provides a steady stream of liquidity to the market. However, once a large number of quantitative private placements are added, it will inevitably cause the market ecology of A-shares to be disordered, after all, the unequal rules of the game will only lead to the emergence of a situation in which the law of the jungle eats the strong. Since the rise of the quantitative wind of A-shares, countless facts have proved that if there are no prerequisites for standardized guidance, the more prevalent some seemingly advanced concepts are, the more detrimental they are to the healthy development of the market. Therefore, the news that quantitative private equity products once again occupy the majority of the shares is exposed, which will also give people an ominous premonition!