More Than 30% Of The Fund'S Annual Report Of Heavy Holdings Or "Turning Point" Opportunities

According to the data disclosed in the annual report of the fund, the reporters found that nearly 32.4% of the fund's annual losses were due to losses.

It can be seen that although most investors prefer a firm with stable growth and good profits, there are not a few opportunities to pay attention to the reversal of the cycle.

The industry believes that this is actually a kind of "reverse thinking" in value investing. If we find that stocks are wrongly priced, they will show a strong outbreak in a certain period in the future.

From the fund's heavy holdings of stocks, the majority of funds are able to capture the performance of "pre happy stocks", however, some of the funds are willing to hold stocks with outstanding performance, even boldly new and heavily loaded.

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According to the statistics of the weather data, the total net purchase amount was positive in 2016, and the number of stocks that had announced the performance notice was 977, of which 6 were expected to have a steady overall growth, 654 had increased or realized growth, and 317 had negative net profit. The proportion of pre paid shares was about 32.4%.

At the same time, a total of 93 companies whose stock net earnings were negative were listed by the Fund (the top ten). Among them, 47 of the company's total net sales were 0, accounting for more than half.

The industry believes that this reflects the performance of fund managers ahead of the performance has not yet been shown "black horse" will.

Lei Xin, a researcher at the good buy fund, said that fund managers would look for the wrong pricing target comprehensively, and generally choose the "turning point" that the left side sneaked into the waiting for performance reversal.

In addition, with the expected restructuring or expected to pick up the hat, the cap is also the goal of the fund.

According to the statistics of the weather data, in 2016, the fund invested heavily in 12 *ST stocks including *ST therapy, *ST LAN Feng and *ST gas, and ST st and ST biochemical two ST shares.

Some *ST stocks are even the first heavy stocks of the fund.

Although most fund companies have strict regulations on the subject matter of investment, there are still some funds that are heavily engaged in such stocks.

Generally speaking,

The hype is the blue ocean where investors find the turning point.

For cyclical stocks, Yinhua rich theme mixed fund manager Zhou Keyan believes that if the company's fundamentals are in a prolonged downturn, share prices are relatively low. At the same time, after in-depth research, it is found that the supply and demand of the industry is beginning to show signs of improvement. So maybe it is a good time to start the layout.

"Similar industries such as construction machinery, coal and other small cycle industries have a relatively strong upward momentum after the long-term downturn in stock prices, and can expect the" reverse opportunity "of their performance.

Zhou Keyan said.

Like the "reverse opportunity" of expected performance, now

They tend to stick to the performance of prepaid shares, and are more willing to venture ahead.

Lei Xin said that many fund companies configured "pre interest stocks" still valued as "inflection point".

The investment research team of some fund companies will judge the performance reversal power in the next one to two quarters and buy on the left side.

"If the performance really reverses, the strength of the rally will be very strong."

He said.

Fund annual report shows that Yang coal chemical industry as a 2016 annual loss of 830 million yuan in stock, has been heavily loaded with many funds, and some even new heavy warehouse.

"Affected by the rise in coal prices, in August last year, domestic urea, methanol, polyvinyl chloride and other coal chemical products prices rose sharply, Li Yang coal chemical and other coal urea production enterprises."

A fund manager said that at that time, the stock rose from 3.12 yuan at the beginning of August to 4.32 yuan at the beginning of 2017.

However, fund managers are still cautious about the holding of such stocks, and most investors are making quick money.

A fund manager in Shenzhen puts it in a word: for the stocks that will lose profits soon, they will not hold too long.

It is understood that, to do cycle, especially in the pre investment share fund managers are relatively dispersed holdings, heavy positions are often difficult to continue.

A fund manager in Shenzhen told reporters that unless he had enough confidence in a company and determined the profit trend of stocks, he would boldly get 8 or 9 points, otherwise he would have a cautious layout with 3 or 4 points.

"If we judge the systematic opportunities, we will increase the allocation of the whole plate, and the stocks in the plate will still be dispersed."

At the same time, he said, "the opportunity for losing stocks" has some "opportunity colors". He is more inclined to target those with good profits, reasonable valuation and relatively low turnover rate.

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