QFII holdings of potash coal resources in the banner held in June re-
Mainland fund almost simultaneously, QFIIA stock funds are also on the resources sector with great interest.
By the Shanghai Securities News and the launching of the QFII management Bai Zhongguo China A Share Fund monthly report, QFII in China A Share Fund in May after apparent differences in the resources sector to achieve a consensus. In June, in both Europe and the United States Department of QFII funds, or East Asia Department of QFI, I holdings are actively fertilizer, coal, represented by resource stocks.
Become the focus of the two Salt Lake
In all types of resources, the two “Salt Lake” merged into a wrestling arena QFII investment.
According to the latest release of QFII in China A Share Fund 6 monthly, each department of a large number of QFII funds involved in Salt Lake Potash, or ST, constitute the unique scenery of the month QFII investment.
According to statistics, the month, including active Masukura Salt Lake Potash Nikko Yellow Series Fund. Month, the family fund in one fell swoop would be to add a new Awkwardness of Salt Lake Potash list of holdings of proportion to the scale of 4.7%. In addition, AMP China Growth Fund holdings of Qinghai Salt Lake Potash is also the month by 0.9 percentage points, the total holdings rose to 4.9%, Awkwardness ranking into the top two.
The industry’s largest QFII
Martin Lee, is also actively involved in investment in Salt Lake Potash, Salt Lake Potash end of the fund holdings to 5.5%, the same jump of only two positions for the Fund more than 5% of Awkwardness.
At the same time, some of QFII Zexu chosen as Jiancang ST Salt Lake, Masukura object, SW Lam Chak A shares of Series Fund is one example, monthly shows, the series of the Fund are in the middle of a large proportion of overweight 6 ST Salt Lake, Salt Lake Potash will be removed at the same time, showing different styles of QFII investment in significant differences.
Contraction of non-core unit
In addition to jiacang K series shares, coal stocks, resources, services and consumer goods have also become QFII fund holdings in June since the main target.
The latest monthly report showed a QFII, including Xishan Coal and Electricity Power, Offshore Oil, Tung E-Jiao, Yuntianhua, Changyu and other stocks have become Nikko Yellow, APS, Martin Lee, SW Lam Chak A shares in China such as QFII Fund’s generous cargo sweeping object.
The Ping and other financial stocks, investment real estate property stocks, such Fuyao stock and Hualian, manufacturing a comprehensive supermarket stocks suffered sell-off in the QFII status of the portfolio declined.
In addition, jiacang resource stocks, while a number of QFII holding positions are reduced, relevant statistics, JPMorgan Chase China A Share Fund Vanguard, holding positions in June fell by 2.7 percentage points in recent months for the first times down. Martin Currie China A Share Fund in June by 6.5 percentage point reduction in the stock position. Nikko of the Yellow River down by 3.3 percentage points of the position, and Shen Ze 3 million blue-fund holdings of 3.5 percentage points of stock positions.
Overall, the contraction of non-core stock holding, a common choice for many QFII.
Concerned about the industry leader
Faced with an increasingly significant economic slowdown feature, QFII funds are gradually think the whole new coping strategies, concerns the industry leader, focusing on the company’s integration capabilities, to become the focus of many of QFII.
Nikko Fund in the monthly report on the Yellow River that is still a difficult global economic conditions, including the credit crunch, the financial system debt relief, growth slows and commodity prices, inflation and other circumstances. The Chinese stock market face of the global economic downturn, so that the absolute stock price performance or more linked with world financial markets. However, China has a sound financial position, and oil / food import dependence is limited, I believe China has the ability to resolve the issue.
The Fund is expected, as China’s food prices tend to normalize, the consumer price index inflation pressures will be eased; in the producer price index rose, led by non-food prices will continue to rise. The Foundation continues to prefer the industry leading and has integration of businesses, and industries in their respective markets and have strong pricing power in the main company.
APS China A Share Fund, said, A-share market to bear too much pressure, along with the stock market fell down. Ahead of negative news has been reflected in the current stock price. In view of the overall valuation of China’s A shares is moderate, they believe that China already has investment value of A shares. Portfolio valuation will be more focus on those advantages, the long-term growth prospects and priority management of listed companies.
Shanghai Securities News ZHOU
Tags: Stock
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