The fund manager Denver structural market-popkart

Fund manager Nuggets structured market, Sina fund exposure desk: letter Phi lag false propaganda, performance is lower than the same product for a long time, how to buy funds by pit? Click on [I want to complain], Sina help you expose them! Reporter Li Liang – the Shanghai Composite Index near 3000 points, A shares within a narrow range, hot spots scattered and difficult to continue, so that investment fund managers the difficult choices. In this context, many fund managers pay more attention to the depth of mining "structural" market, tries to in-depth study by industry and stock performance, find the relative uncertainty of higher stock key configuration, as much as possible to obtain excess returns. Everbright Baode letter new power industry flexible allocation fund aspiring fund manager Tian Dawei pointed out that the current investment clock theory role in weakening investment needs new thinking. Baode Everbright Investment research team has been keen to observe new power industry mainly from the back end market, supply contraction and stock substitution, efficiency growth way, the company will use the power of outstanding talent shows itself will also fund investment, create opportunities. Hard to break the pattern of repeated shocks index rangebound, so fund managers through market operation to obtain income becomes difficult, fund managers and even the current market trend is described as "chicken ribs" market. Tian Dawei said, the stock market upward trend can be divided into two stages: the first stage is to promote the well-off by reform expectations and liquidity; the second stage is to enhance the performance of listed companies to promote. At present, the stock market in Chinese convergence at the first stage and the second stage, prone to "lean" type of shocks, especially with some leveraged funds, short tools, shock will be magnified, the confidence of the market needs time to recover. The process of cohesion between the first and the second phases may be long. This process depends on the toughness of the economy itself, the heating and strength of the policy adjustment, and the coordination of the external economic environment." The reform drive Fortis fund manager Zhou Xuejun said that this year, A shares trend can be "sustained concussion" to summarize: easing the financial side, interest rates down, asset shortage, CPI modest rebound factors such as a supporting role to market; supply side reforms to improve the supply structure of traditional industries, the relevant corporate profits have improved; on the other hand, after last year’s bull market, many growth stocks, the transformation of economic growth in the valuation bubble, there are some worries, restricting the index further upward. He believes that the next one or two months, the stock market shocks, structural differentiation of the great pattern is difficult to break. Looking for structural opportunity shocks, the city gains more difficulty, which makes fund managers pay more attention to the investment opportunities contained in the "structure". Tian Dawei believes that the current can be determined is relatively ample liquidity, so the market structural opportunities, such as the back end of the car market, supply side reforms, the reform of state-owned enterprises. Glenn fund, the aspiring fund manager of China Europe health fund, has locked the structure in the health care industry. Wang pointed out that in the healthcare industry, concern innovation, export, medical service, health industry four small molecular field, especially in innovation and export, industrial upgrade has already begun, related to the company on

基金经理掘金结构性行情 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   □本报记者 李良   沪综指3000点附近,A股窄幅震荡,热点散乱且难以持续,让基金经理们的投资抉择变得艰难。在此背景下,许多基金经理愈发重视对“结构性”行情的深度挖掘,力图通过行业和个股的深入研究,找到业绩确定性相对较高的个股重点配置,以尽可能获得超额收益。   光大保德信产业新动力灵活配置混合型基金拟任基金经理田大伟指出,当前美林投资时钟理论的作用在弱化,投资需要新思维。光大保德信的投研团队已经敏锐观察到产业的新动力主要来自于后端市场、供给收缩、存量替代、效率增长等途径,优秀的公司将借助这些动力脱颖而出,也将为基金投资创造机会。   震荡格局难破   指数反复区间震荡,让基金经理们通过市场操作来获取收益变得艰难,有基金经理甚至将当前市场走势形容为“鸡肋”行情。   田大伟表示,股市趋势向上可以分为两个阶段:第一阶段是由改革预期和流动性宽裕推动;第二阶段是上市公司业绩提升推动。目前中国股市处于第一阶段和第二阶段的衔接处,容易出现“青黄不接”式的震荡,特别是一些杠杆资金、做空工具的加入,震荡会被放大,市场信心的恢复需要时间。“第一阶段与第二阶段的衔接过程可能是漫长的。这一进程取决于经济自身的韧性、政策调节的火候和力度、外围经济环境的配合。”   海富通改革驱动基金经理周雪军表示,今年以来,A股大势可以用“持续震荡”来概括:资金面宽松、利率下行、资产荒、CPI温和回升等因素对市场起到了支撑作用;供给侧改革改善了传统行业的供需结构,相关企业盈利也有一定改善;另一方面,经过去年的牛市,许多成长、转型股存在估值泡沫,经济增长也有一定的隐忧,制约指数进一步上行。他认为,接下来一两个月,股市震荡结构分化的大格局难以打破。   寻找结构性机会   震荡市获取收益难度加大,让基金经理们愈发重视“结构性”中蕴藏的投资机会。   田大伟认为,目前能够较确定的是流动性相对宽裕,因此市场结构性机会众多,例如汽车后端市场、供给侧改革、国企改革等等。   中欧医疗健康基金拟任基金经理葛兰则将“结构性”锁定在医疗健康行业。葛兰指出,在医疗健康行业中,研发创新、出口、医疗服务、健康产业四个细分子领域值得关注,尤其是创新和出口,产业升级的浪潮已经开始,相关公司将赢得全球市场的发展机会。此外,医疗服务行业、健康产业都迎合了消费升级的趋势,新的投资机会正在不断涌现。   在周雪军看来,目前影响市场的资产荒、经济转型等因素依然存在,把握结构转换,精选行业和个股依然是有效的投资策略。行业方面,首先关注供给侧改革相关、盈利改善的细分行业,如煤炭、钢铁;由于PPP有效持续推进,建筑建材行业值得关注;资金面整体宽松,利好低估值板块,如地产、银行、泛消费。但四季度市场格局可能会有一些改变。如果成长股估值逐步回归合理,市场不排除重拾成长风格,届时需要进一步评估。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: