Chapter 606 Investment Layout of the ‘Yuhang No. 4’ Fund!

"Okay!" Li Meng had no objection to this.

People like Liu Yuan, Zhao Lijun, Zhang Guobing, and Zhu Tianyang are indeed the backbone members of the trading team cultivated by the company. Now the company's asset management scale is rapidly expanding, and these people have already had experience in large-scale fund operations. It is time to push these people out to stand alone.

In addition, the company has no other choice but to use these people at this time.

While the two were talking, the market reopened.

After the Shanghai Composite Index fluctuated around 2650 points for almost a week, it began to break through the previous shock platform and continue to set new annual highs under the leadership of the two major investment themes of "infrastructure" and "military industry", as well as the main themes of "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises".

Under the circumstances of good overall market investment atmosphere and emotional atmosphere.

After a brief discussion with Li Meng, Su Yu announced the personnel adjustment and new position appointments of several trading groups in the fund trading department in the afternoon.

Liu Yuan, Zhang Guobing, Zhao Lijun, Zhu Tianyang and others.

When they heard that they were appointed as fund managers and would jointly manage the main fund products of the "Yuhang Series" with Su Yu and Li Meng, they were more or less excited.

After all, the influence of the "Yuhang Series" fund products in the industry is extraordinary.

Although they were promoted and their fund manager positions were after Su Yu and Li Meng, and they jointly managed the fund, being able to manage such a "star fund product" would be of great significance and far-reaching impact on their future career development.

After the appointment of the position was completed.

The "Yuhang No. 4" fund product, which had just completed fundraising, also began to enter closed operation.

At the same time, the trading group of the "Yuhang No. 4" fund product also began to be quickly established.

According to Su Yu's plan, this 30 billion main fund product is equipped with 5 trading groups. Its trading group leader is a former trading team member of the "Yuhang No. 1" fund. Its traders are basically half of the employees drawn from the first three main fund products, plus some qualified traders trained in the company's trader training class.

After the team was formed, the next day.

After the market opened, the "Yuhang No. 4" fund product, led by Zhang Guobing as the trading fund manager, began to build a preliminary position.

According to Su Yu's macro strategy guidance.

The main direction of the "Yuhang No. 4" fund's position building is no longer the two core lines of "infrastructure" and "military industry".

Instead, it will be the main line of "big finance" under the "bull market expectation".

"Mr. Su, do you have any instructions for the positions in the 'financial' direction?" Zhang Guobing asked in the main fund trading room, "How do we set the priority of individual stocks?"

Su Yu smiled and asked, "What do you think?"

Zhang Guobing thought for a while and responded, "If the entire 'big finance' direction is based on the 'bull market expectation' as the investment logic, then 'securities' must have the highest priority.

After all, whether it is the surge in the balance of margin trading in the market or the surge in transaction volume.

And the rush to enter the market by countless potential investor groups off-site.

These increments can bring actual performance to securities companies and can also enable securities companies to have business Performance surge.

Moreover, in the domestic asset management industry, the proportion of securities proprietary business is not low.

The market continues to be hot and the index continues to move forward. The proprietary business of these securities companies can also bring rich profits to the company.

In addition, the market has been sluggish for several years.

The valuation of the entire "big finance" sector has been suppressed by the market, and everyone's expectations are extremely low.

This has led to an improvement in the market. With the "bull market expectations" becoming stronger and stronger, the expectation gap and elasticity of the "securities" sector have become the strongest sector in the entire "big finance" sector.

Of course, if the "bull market expectations" become more and more intense, the market can really form a bull market.

Banks, insurance Insurance, the two major financial weight sectors, are also important sectors for direct benefits, and even the currently hot "Internet finance" sector, its investment logic will also deepen, and market expectations still have room to continue to rise.

So, my suggestion is.

First securities, then "Internet finance" sector, then insurance, then banks... It may be better to layout in this order and priority.

That is the specific target direction..."

Zhang Guobing paused and continued: "Specific targets, the weight of the total position, I don't have a specific plan in my mind yet, I hope Mr. Su can give me some guidance. "

Su Yu responded with a smile: "With tens of billions of funds, if you want to operate such a large fund For gold, the first thing we need to pay attention to, in addition to expectations and investment logic, is the liquidity of the market. Sufficient liquidity can help us avoid many detours and is also a safety insurance that allows us to respond immediately when dealing with extreme market conditions.

Therefore, at this time, our first priority in building a position.

We must consider liquidity comprehensively.

The investment priority of "securities" is correct. In the entire securities sector, the position weight can be ranked according to the liquidity of the corresponding stocks.

For stocks with high liquidity, the position weight can be increased accordingly.

For stocks with low liquidity, the position weight cannot be too high.

After all, sometimes it is easy to enter the market, but difficult to exit!

As for the ‘Internet Finance’ sector, the corresponding operating logic is the same. "

"Well, then I understand!" Zhang Guobing nodded when he heard Su Yu's words, already knowing what he was saying.

Regarding the layout of the field of ‘big finance’…

In fact, the fundamental changes of many individual stocks are similar and there is not much difference. In this way, it would be much simpler to determine the position weight according to the order of liquidity.

And according to the order of liquidity, in the entire securities sector.

Naturally, the stocks of first-class securities companies such as ‘Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities’ have become the number one target of building positions for the ‘Yuhang No. 4’ fund.

After straightening out the ideas and logic of building a position.

At 10 o'clock in the morning, as the Shanghai Stock Index continued to make breakthroughs in upward volume, the "Yuhang No. 4" fund product began to invest funds into the market.

And when the ‘Yuhang No. 4’ fund has fully invested funds to build a position.

At 10:10, the entire securities sector of the market began to move up significantly.

The stocks of major securities firms such as Huaxin Securities, Huatong Securities, Huashang Securities, and Huatai Securities are frequently receiving large orders totaling tens of thousands of buyers.

Of course, at the same time.

On the market of other securities stocks, there are also frequent attacks by large funds, snapping up chips at relatively low prices.

The entire ‘Yuhang No. 4’ fund product has a total volume of 30 billion.

Su Yu's guidance to Zhang Guobing did not specify how much capital he could only invest, nor how many positions he needed to establish within a certain period of time.

This gave Zhang Guobing sufficient autonomy in building positions, allowing him to fully exert himself.

At 10:20, under the continuous main attack of main funds, the securities sector has squeezed into the forefront of the market industry sector gainer list today despite several downturns.

And as the market trading time goes by, the increase trend of its sector index becomes steeper and steeper.

The amount of large net inflows of funds is also getting higher and higher.

At 10:25, the 'Securities' sector rose by more than 2%. Among them, the stocks of large brokerage institutions with a market value of more than 50 billion, such as 'Huaxin Securities, Huashang Securities, Huatai Securities, and Huatong Securities', rose by more than 3%. This shows that today's securities sector changes have begun to break away from the situation where small-cap securities stocks drive large-cap securities stocks to passively rise, and have transformed into a situation where large-cap securities stocks lead small-cap securities stocks to passively rise.

And this... also shows that there are main funds that are actually building positions and intend to hold them in the medium and long term.

After all, for real short- and medium-term speculation, tickets with a small circulation have far more flexibility than tickets with a large circulation, and are easier to control and operate.

When the securities sector rises by more than 2%.

From passively following the rise of the market index to actively leading the rise of the index.

Throughout the market, countless investors on and off the market, as well as fund managers of countless asset management institutions in the industry, began to focus on the 'securities' sector.

"When the securities move, the market index will probably pull back again, right?" someone lamented.

When the majority of investors in the market still judge the market to rebound rather than reverse, the securities sector is a sector with no investment value for everyone, and it is the market's "shit stirrup" Yes, after all, the overall volume of this sector is very large, and the circulation market is also very large. To pull such a market, a very large amount of funds is required, and when the securities sector begins to siphon the active funds in the market.

Then, it will naturally cause other active sectors of the market to lose blood instantly, and finally form a market acceptance problem.

This is also usual...

The reason why when securities move, the market trend is bad.

This is also the reason why many holding investors in the market hate the changes in the "securities" sector that suck up active funds in the market.

All in all, when the "bull market expectations" and "bull market confidence" have not been fully established, it is difficult for this sector to gather a sustained profit-making effect. As a result, it is not very popular and continues to pay attention to the market investor group, and it is also difficult to absorb Continuous active capital and large capital entry.

Of course, these factors...

For the 'Yuhang No. 4' fund, which is in the initial stage of building a position at this moment, it is not important at all.

On the contrary, for the ‘Yuhang No. 4’ fund.

Zhang Guobing wishes that the securities sector could continue to be looked down upon by the majority of investors in the market, and would hover and fluctuate at this relative bottom position for some time.

After all, only in this way can he have enough time to fill his position.

"Anyway, before the Shanghai Stock Exchange Index breaks through 3,000 points, the securities sector is not worth watching at all."

"I have lost money several times in the securities sector. There is no market continuity in this sector. The last time the Shanghai Stock Index exceeded 2,500 points, the securities sector surged for a day. As a result... Just when everyone thought that the bull market was coming, the securities sector would have When the market continued to rise, I didn’t expect this sector to fall back quickly.”

"'Big Finance' is the ballast stone of the market and cannot skyrocket."

"It's safe to sit on the two core lines of 'infrastructure' and 'military industry'. If you follow Mr. Su's core positions, you can outperform the market and the market no matter what. If the bull market doesn't come in securities and big finance, how can you do it?" At this time, even if you have the funds to do it, it’s mostly gambling and there is no basis for a sustainable market.”

"Indeed, at this stage, the securities sector cannot be overestimated."

"At this time, even if the securities sector can rise, it will probably only follow the index to make up for the rise."

"Hey, maybe it rose in the morning and fell in the afternoon. Several times, when the securities sector moved, banks and insurance companies followed. Today, even banks and insurance companies didn't follow. The market will definitely not continue."

"I agree, securities are simply a sector of little value at the moment."

"I wonder if those stupid funds are trying to sell securities? At this time, it's a damn thing that the securities can be pulled up."

"The key is to pull stocks. It's still a big brokerage stock. I'm surprised. With tens of billions of money to pull large-cap stocks, it's used on some small concept leading stocks. Wouldn't the index skyrocket and break through soon? If you want the market to be good, it's best to The most important thing is that the market investment sentiment must be good!”

"That makes sense. Sometimes I think big money...isn't actually very smart."

"In large funds, the level of various traders is also uneven. Not all of them are like Mr. Su from the 'Yuhang system'."

"It's natural. If all of them are from the 'Yuhang system', Mr. Su, that's fine."

"If all of these institutional traders were Mr. Su, then we people... wouldn't have to speculate in stocks. Buying funds would be the real thing."

While everyone is continuing to discuss and are looking down on the securities sector...

at the same time.

Magic City, inside Zexi Investment Company, in the main fund trading room.

Trading team leader Zhou Kan stared at the changes in the two markets, his eyes fixed on the rising securities sector index. After pondering for a while, he couldn't help but ask Xu Xiang who was standing aside: "Boss, do you feel...'Securities' today?" The movement of the plate seems to be obviously different after following it a few times! "

"What's the difference?" Xu Xiang asked with a smile.

Zhou Kan thought for a while and responded: "The funds entering this sector do not give priority to the stocks of small-cap securities companies, but focus on large-cap stocks such as 'Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities'." It is very strange that in the entire sector, the stocks of large-cap securities companies have a better upward trend than the stocks of small-cap securities companies, and the market funds are also more active. This is very strange.

Moreover, when securities siphon funds.

It is even more strange that the banking and insurance sectors, which have always been linked to the securities sector, have not moved significantly, and even if they have moved, they have passively fluctuated with the index.

It seems that...the funds entering the securities sector have no intention of really driving the main line of 'big finance'! "