Chapter 610: Institutional Groups Continue to Increase Their Holdings at High Levels!

As market trading hours progress.

In the afternoon market performance, the two main industry lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Central-owned and state-owned enterprise reform and reorganization', once again experienced severe shocks. It has become the core popular main line in the market focusing on popularity, emotions and main funds, and has also become the main line sector with the strongest money-making effect in the market.

"Sure enough, in the financial trading market, the principle that the strong will always be strong is universal!"

At around 1:30 in the afternoon, in the main fund trading room of Xiniu Fund Company in Shenzhen Stock Exchange, Mou Zhengxing, who has been promoted to fund manager, stared at the changes in the two markets and said with emotion: "I feel that the active capital flow in the entire market has been completely blocked by the 'infrastructure construction'. ' and 'military industry' are two major investment main lines, as well as concepts and industry sectors related to core concepts and themes such as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises'. .

The active capital flows of the entire market are completely concentrated on these core lines.

As a result, although the market's trading volume is rising steadily, other main investment lines in the market are completely in the process of continuous blood loss. There is no sustained market and money-making effects at all, and there is no way to gather popularity and emotions. "

Behind Mou Zhengxing, Fang Xinsheng, who was also observing the changes in market conditions, responded with a smile: "This is the power of market consensus expectations!"

"However, now that the sentiment has reached this point, I feel that the market trends on these core main lines will peak in the short to medium term, right?" Mou Zhengxing thought for a while and continued, "After all, if the sentiment and expectations continue to rise, even if the sentiment and expectations are still there, If it can develop further, as the stock price continues to rise, the room for difference in expectations will become smaller and smaller.”

Fang Xinsheng nodded slightly and responded: "Indeed, this stage can be regarded as a feast for shareholders."

"Our company's 'Manniu No. 2' fund product has completed fundraising and entered the stage of closed operation." Mou Zhengxing asked, "Mr. Fang feels...where should we start building a position at this time?"

Although he has been promoted to become the fund manager of the 'Manniu No. 2' fund.

However, Fang Xinsheng still holds the position of first fund manager of the company's two main fund products.

That is, the two main fund products. In essence, the decision-making on macro investment strategies and trading operations are mainly made by Fang Xinsheng. His main job is to assist Fang Xinsheng, manage the trading team, and implement the relevant policies formulated by Fang Xinsheng. investment strategy.

Fang Xinsheng thought for a while and asked, "What do you think?"

Mou Zhengxing pondered for a moment and responded: "The two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Central-owned and state-owned enterprise reform' are currently in the hot stage of speculation. "Reorganization' and other conceptual themes related to high-level concept sectors and popular concept stocks are definitely not in line with the current position building objectives."

At this time, several major markets are popular.

Although the sentiment expectations are very hot, the stock price is already in the main rising stage of strong fulfillment of expectations.

At this stage...the stock price fluctuates greatly.

As Fang Xinsheng said just now, this is just a feast for stockholders, not a feast for investors who are chasing highs and buying at this moment.

After all, no one knows how much room there is for these major core lines to rise in this atmosphere of intense emotional anticipation. How far will the stock price rise? When will the huge profit-taking funds gathered in the market carry out large-scale selling and profit-taking, thus putting a huge amount of pressure on the market?

Therefore, big funds intervened at this time.

There is a high probability that in the subsequent market development, you will not make much profit, but will have to bear the risk of huge retracement adjustments.

Furthermore, in this relatively high position with intense emotions, the amplitude of the stock price adjustment is quite terrifying. Sometimes even if you buy the right stock, you cannot withstand the retracement adjustment.

So, take these factors into consideration.

Mou Zhengxing immediately ruled out the idea of ​​continuing to pursue the core main lines of increasing positions when the new fund was establishing a position.

"I think today's changes in the 'Securities' sector are actually quite noteworthy." After ruling out several core and popular main ideas of continuing to pursue the market and increasing positions, Mou Zhengxing continued with a smile, "Didn't Mr. Fang also say that the market is a bull market before? Are expectations' increasing?

Since the expectations of a bull market in the market are constantly increasing, then the expectations of the 'big finance' line will naturally continue to increase.

Today, although the securities sector experienced rapid growth in early trading, it fell back.

However, judging from the direction of the main capital flows within the sector, it can also be seen that in this sector, main funds are continuing to intervene in building positions today.

It’s just that in the market, the majority of investor groups have deep complaints about ‘big finance’.

There are also popular investment main lines in the market such as 'infrastructure' and 'military industry', which suck the blood of active capital groups in the entire market. As a result, there are not so many active capital groups in the market to pay attention to and stimulate the securities sector, and there is no use of them. This sector, driven by the surge of funds, formed a synergistic force and eventually went into a state of shock and decline.

But, anyway.

None of this can deny that the line of ‘big finance’ has certain investment value and future expected logic.

Moreover, it can be predicted that as long as the current hot sentiment and expectations of these major hot main lines decline slightly, and the stock prices of the core stocks corresponding to these major hot main lines continue to soar, the expectation gap will become smaller and smaller, and the cost-effectiveness of investment and speculation will become less and less.

Then the large number of profitable funds that have emerged from these hot main lines.

Will definitely look for new market investment main lines, make a market, continue to leverage the market trend style, arouse emotions, and finally grab market profits.

And according to my analysis and speculation.

The line of "big finance" should be the sector that can best undertake and replace the current major hot main lines in the market.

So, I think we... can we make a layout in the direction of "big finance" and take some core high-quality chips first?

Of course, when the current major hot core main lines in the market have not yet reached the decline of sentiment and expectations, the huge amount of profit-taking in the market has been withdrawn on a large scale, the expectation gap is getting smaller and smaller, and the speculation and investment value are becoming less and less cost-effective, the line of "big finance" will definitely not have any market performance.

After all, the volume of this line is too large, and it is basically comparable to the volume of the line of "big infrastructure".

Such a large main line volume structure.

In the current market, if the funds of several core hot main lines are not fully released, there should be no other funds in and outside the market that can pull the market of this line. Therefore, even if we lay out now, we probably have to wait for the wind to come slowly, or turn to this field, before we can realize a better position profit.

However, we have closed the operation of the fund product "Manniu No. 2".

According to the rules for investors to invest in our fund products, even if our short-term profit performance is not good, the net asset value will be withdrawn, and it is estimated that there will be no big problem. "

"The main investment line of 'big finance'." Hearing Mou Zhengxing's analysis, Fang Xinsheng chuckled and said, "It's really good, but it's just a buying point, I'm afraid we have to wait a little longer. "

The amount of funds raised by 'Manniu No. 2' is not large as the 'Yuhang No. 4' fund product siphoned off-market high-net-worth customer groups, and the market size of the 'big finance' line is huge. If the market is to reverse, it needs a huge amount of active funds to drive it.

At present, most of the active funds in the market are still concentrated in the main direction of 'big infrastructure'.

And according to Fang Xinsheng's judgment.

This market trend around 'big infrastructure' will obviously continue for some time.

In this way, they don't need to intervene in the 'big finance' line in advance at this time to bear the weak shock of this line.

After hearing what Fang Xinsheng said, Mou Zhengxing hesitated for a moment and asked: "What Mr. Fang means is... we should keep the 'Manniu No. 2' fund in the empty position and continue to wait for the appearance of the buying point. Is it more appropriate? "

Fang Xinsheng nodded slightly and said: "Yes, be patient and wait for a more suitable buying point. Usually when the main line of the market switches, it will be accompanied by relatively large market fluctuations. At that time... there should be a more suitable buying point than now. "

"Okay! "Mu Zhengxing thought about it and nodded.

As long as Fang Xinsheng agrees with his analysis logic and main investment views, then...wait a little longer, wait for a more suitable market buying point to appear, he thinks it is okay.

While the two of them conducted in-depth analysis and discussion on the market situation.

Almost at the same time.

Inside the main public fund institutions such as 'E Fund, Huarui, Pingyin Asset Management...'.

Especially the main institutions that missed the lucrative profits of the market's main line of market outbreak, or the main institutions whose positions are obviously insufficient at the current position.

The operation response method at this moment.

It is completely different from the more intelligent and active main fund groups in the market such as 'Yuhang, Zexi, Xinniu...'.

Among them, in the main fund trading room of Pingyin Asset Management Center.

Liu Ziliang, general manager of fund asset management business, saw the two major investment lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt'. ', 'New Era Road, Maritime Silk Road', 'Reform and Restructuring of Central Enterprises and State-owned Enterprises', the concept sectors and industry sector market trends related to the main themes of the major concepts have fully entered the climax stage of emotions and expectations, forming a strong main upward trend that siphons the entire active capital group in the market.

In order to save the major funds, the huge retracement and operational errors in the investment of the main line of 'Technology Growth'.

Further began to urge the product managers of the major funds to use the new funds continuously subscribed by the over-the-counter investors to continue to increase their positions in these major core main line hot stocks on a large scale at this stage, in order to maximize the market profits of these major core hot main lines in the main rising stage.

"Mr. Liu, our practice of continuously increasing positions at high levels will quickly raise our holding costs, causing our freedom of operation to instantly decrease when the amplitude of these major hot core main lines increases." Fund manager Chen Shen reminded, "I think it is better to control the positions as much as possible, or to arrange the remaining positions in other relatively stagnant main line sectors?"

Liu Ziliang smiled and said: "Manager Chen, considering the transaction, the strategy you proposed is correct, but judging from the current status of the asset management industry and the demands of investor groups both on and off the market, it may not be right. ”

"What...how do you say this?" Chen Shen asked with some confusion.

Liu Ziliang patted his shoulder lightly and replied: "Thanks to the hot market trend of continuous breakthroughs in the market in the recent quarter, as well as the main investment lines of the two major industries of 'infrastructure' and 'military industry', as well as the 'European economy'" The main conceptual themes of "Belt and Road", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises" have generated countless hype, investment opportunities and extremely hot and sustained money-making effects.

At present, the entire domestic fund industry.

The enthusiasm of Christians to subscribe continues to rise.

At this time, whichever fund product has a faster net profit increase will be able to siphon away the funds of the citizens.

Just look at the upsurge in subscriptions for the ‘Yuhang No. 4’ fund.

Comparing the publicity effect, when everyone's ability to compete in publicity effect is similar, short- and medium-term net profit performance has become the most important indicator for citizens to choose fund products.

This is a rare purchase boom for the entire industry to pick up rapidly!

At this time, if we do not seize this opportunity and attract as many off-site investors as possible to the fund products we manage, then we will be instantly surpassed by other similar competitors in terms of asset management scale, or even be pulled behind. Keep distance.

So, in order to maintain high competitiveness at this time.

We have to sacrifice some risk control restrictions on transactions on the premise of fully increasing the net profit value of the fund.

Of course, in fact, according to the current market sentiment and expected changes, there is no big problem in choosing a relatively aggressive position and trading strategy.

Our agency is currently engaged in the two major industry main lines of 'infrastructure' and 'military industry', as well as popular concepts related to the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises' The size of stock positions is not as large as that of the major funds of the 'Yu Hang Group'.

Moreover, although we are increasing our positions aggressively.

However, with the crazy subscription behavior of investors outside the market, more and more funds are flowing into our fund products.

In fact, the more we increase our positions, the less fundamental changes there will be in our fund’s overall positions.

besides……

Discussing the main market changes in the current market, as well as the future expectations of major investment lines and their ability to guide the market.

At present, the two main lines of 'infrastructure' and 'military industry', as well as the main concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'reform and reorganization of central and state-owned enterprises', are still unquestionable in the market. The strongest main line of speculation, there is no trace of switching in the main line of market investment, and the capital flows gathered in these core main lines are still increasing and converging, I think the risk of trading is not great.

Isn’t there a saying that is often said?

The best defense is offense.

At this time, we are doing our best to create profit margins, do our best to increase the net asset value of our institution's main fund products, and increase the size and scale. This is the most important thing for the development of our institution! "

When Chen Shen heard Liu Ziliang's words, he was obviously stunned for a while, but he had to admit that in public funds, scale is indeed more important than performance and transaction risks.

At this time, countless large institutions in the industry.

They are all launching new products, or crazily promoting main fund products to attract outside investors to subscribe.

They are under such competitive pressure and there is no reason why they should not do this.

"Okay, Mr. Liu, I understand." After a moment of silence, Chen Shen nodded and stopped talking.

Liu Ziliang saw that Chen Shen could understand the overall direction and know what was light and what was heavy. He couldn't help but smile and nodded. He continued to pat his shoulder and left the main fund trading room.

And with his departure.

The market trading time begins to enter the late trading stage after 2 pm.

I saw that the securities sector, which had been weak during the session, had fluctuated and fell back. At this time, the volume exploded higher again, and the signs of large capital inflows became more and more obvious. The momentum was like a rainbow, siphoning the entire market's active capital groups, and it continued to break upward. There are hundreds or thousands of concept stocks in the main areas of "Infrastructure" and "Military Industry", as well as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central and State-owned Enterprises".

The corresponding fringe concept stocks are obviously experiencing greater market pressure at this moment.

On the market, the selling of large orders has increased significantly! (End of chapter)