The third quarterly report of the public fund was basically disclosed today.
According to the data, the market value of public funds held in the third quarter reached 6.35 trillion yuan.
In the future market, public offering is still a decisive force in the market.
The hugging of the public offering determines the overall style of the market.
Simply do a combing and show you the change in wind direction.
Just write about the top five.
The first three are unchanged.
Guizhou Moutai, Ningde era, Wuliangye.
Liquor occupies two seats, the institution is heavily warehoused, and the Ningde era has also become a benchmark in the direction of new energy.
The fourth and fifth are WuXi AppTec, LONGi shares.
Represents two other high-boom tracks, CXO, photovoltaics.
In the mid-term reporting period, that is, in July, I wrote a preview of the second half of the year, and now looking back, the general direction has not changed much. Visible links:
Three pieces of advice written at a turning point in history
Overall, the direction of the market's high prosperity has not changed much in Q3 and Q2.
But the size of the institution has changed considerably.
Zhang Kun is still the largest equity fund manager under management, with the latest management scale of 105.7 billion yuan, a significant decrease of 28.8 billion yuan from the previous period.
Another 100 billion top stream Liu Yanchun, whose latest scale in management is 102.9 billion yuan, is also a decrease of 13.4 billion yuan from the previous period
The scale of management of Ge Lan, Xie Zhiyu, Zhao Yi, Feng Mingyuan, etc. has increased. In particular, Gülen has its latest management scale of 97 billion yuan, an increase of 12.1 billion yuan over the previous period, and the 100 billion mark is close at hand. Xie Zhiyu took over some of Dong Chengfei's funds, and the latest scale under management reached 93.8 billion yuan.
These market head funds, the size of the change, but also related to their industry.
Liquor consumption and other fields, this year's trend is weaker, so Zhang Kun, Liu Yanchun heavy warehouse liquor has been redeemed in large quantities.
And Gülen is known as the goddess of medicine, why is the scale going stronger against the market? Pharmaceutical stocks did not break out?
The answer is:
Gülen's latest Central European Alpha Top Ten Heavy Positions, Sungrow Power and Ganfeng Lithium Industry have entered the top ten.
There are only two pharmaceutical stocks left, and the remaining eight are in the booming lithium battery photovoltaic semiconductor industry.
Understand medicine, more understand new energy!
I think next year should be renamed the new energy goddess, more appropriate.
Judging from the configuration of the top-class public offering, the market changes can still explain some problems.
Smooth market prosperity, reverse market death.
The same is true for public offerings, the net value is not good to see is the fact, there is no industry that has not kept up with the development of the country, it has not stepped out of the comfort zone, and it will naturally be abandoned by the basic people.
Although the ship's difficulty is also a reason, I think it is a fund that can be trusted by the basic people by actively embracing market changes.
Interested friends, you can check the holding style changes of these top fund managers yourself.
Being able to adapt to the market, rather than lying down and earning management fees, is a good choice for everyone next year.
Words from the family, for reference only.
In the future, there will be greater development in the fund industry, and with the advancement of the registration system, more and more choices will be made, and the speculation of small market value stocks will become more and more difficult to play.
Now there has even been a new break to lose money.
After all, the issuance of new shares is no longer strong at 20PE, and it can even be listed at 50-60PE.
This in itself means that listing is a high valuation and it is difficult to attract institutions.
In the future, retail investors need to identify the fundamentals of the new company itself, and the new era of brainless hitting is over!
It can be said that the last piece of risk-free returns in the stock market is gone.
summary:
The third quarter report has not changed much, and the high-prosperity industry is still the first choice.
But considering that the end of the year is in the time when institutions do net worth smashing each other.
In the next two months, we must reduce the income expectations, first consider protecting this year's profits, and then consider making money.
If the first 10 months were all money losses, then I can only say that maybe 11-12 months will lose more.
This is a historical experience that reminds all novice friends that it is better to participate less than to choose the right time.
However, the net value of institutions also means that next year's opportunities will erupt at the end of December.
So you need to polish your eyes to find gold pits, which requires at least one year of investment experience.
Setting aside a position and waiting for the end of the year to pick up leaks is a key strategy for the next two months.
In the future, this point of view will be often quoted as a reference for position holding strategy!