The investment era of rebirth

"Further optimize the position structure?" Hearing Qin Qiuyue's words, Zhou Hui was slightly stunned, and reacted instantly, "Originally, according to the trends of several core main lines of the market, related industry sectors, and concept sectors, further There is nothing wrong with concentrating positions on strong industry sectors and concept sectors to capture excess market profits to the maximum extent. However, the overall investment strategies of several of our main fund products are directly determined by Mr. Su of the head office.

When we make such an adjustment when the entire mainline market is obviously not over, is there really no problem?

If Mr. Su asks later, how should we report it?
Also, after adjusting positions in this way, the stocks held by our fund products should be further concentrated, and at the same time, our trading seats are very likely to be exposed.

At present, the trading position of our fund is in the eyes of the majority of investors in the market.

It is already equivalent to the related seat with the trading seats of several major fund products managed by the head office.

If any seat movement is exposed on our side, it will also affect the net value fluctuations of the main fund products of the head office and provide corresponding guidance to market investors. "

Qin Qiuyue said: "Although we are only asked to adhere to the overall investment direction and investment ideas of the 'Big Finance' main line, and we are not allowed to adjust the position structure or choose investment targets, I feel that the current market situation has reached this point. The main line of the market is already very clear.

The analysis is based on the logic of investment expectations and market trend elasticity.

Obviously, the two major weighted sectors of banking and insurance are affected by the market value and circulation volume of the entire sector, and there are too many state-owned institutional groups lurking in these two major weighted industry sectors, which is also the case for the entire national team. 'The largest holding areas have caused these two industry sectors to lag far behind the securities and Internet finance sectors in terms of market trend performance and flexibility.

We have invested a large amount of funds in the two major industry sectors of banking and insurance.

It's obviously a bit of a waste.

If we reasonably replace our positions and replace many of our holdings in the two major industry sectors of banking and insurance to the securities and Internet finance sectors, we should be able to obtain higher investment returns and better promote our The net value of several fund products under management increased.

There are not many trading days left until the end of the year.

Although, Mr. Su did not impose mandatory annual net worth targets for several major fund products managed by our company.

And so far, we have completed the net worth target and annual fund size growth target set by the company at the beginning of the year.

However, compared with the performance of several major fund products managed by the head office, the performance of the fund products managed by our company cannot be too bad.

Now that there is an opportunity to further capture the market's excess profits and further increase performance.

So why not do it?
At least for now, there is no big risk in concentrated holdings of securities and core stocks in the Internet financial sector. After all, the biggest benefits have not yet materialized. At the same time, the expectations of a 'bull market' have not yet reached the point of overall consistency. The transaction volume of the market has obviously not reached its peak yet, and the balance of financing and financing is still rising rapidly...

All this, all market factors.

All of this shows that there is still huge room for market growth in the securities and Internet financial sectors in the future, and there is still the potential to continue to explode. "

"If we don't take into account some of our interference with the market trend, or the trading seats that may be exposed..." Zhou Hui thought for a moment and responded, "I think we should further adjust our positions and concentrate our fund positions to There is indeed no problem in the securities and Internet financial sectors, which are the strongest sectors.

However, there are currently a number of core popular stocks in the securities sector and Internet finance sector.

Under the continuous rise, the position is not low.

Moreover, in the first two trading days, we did not make corresponding position adjustments. Now, we are somewhat passive and can only be forced to chase higher and take over the chips.

There are also core popular stocks like 'Western Securities, Flush'.

The daily limit has been reached today. If we want to adjust our positions and buy, we basically can’t buy chips. "

Qin Qiuyue said: "Since the 'securities', 'Internet finance' sectors, and even the entire 'big finance' line follow a medium- to long-term logic, there is no need for us to rush into it within one or two trading days. , it’s a completely comprehensive position adjustment and replacement plan. Sell slowly and buy slowly.

Just try to complete the overall position adjustment plan within the few trading days at the end of the month. "

"Okay!" Zhou Hui nodded, "I hope the market won't rise too fast, giving us time to adjust positions and optimize the position structure."

Qin Qiuyue said: "It shouldn't rise too fast, right?"

"It depends on the expectations of the news." Zhou Hui said, "If the market news is still in a vacuum period like it has been in the past few trading days, then the market trend of the 'Big Finance' line will gradually increase. It shouldn’t be too soon. If there is a sudden big positive stimulus in the news, it will be hard to say.”

Qin Qiuyue thought for a while and said with a smile: "It doesn't matter, let's reduce the position chips in the banking and insurance fields, and at the same time, add some position chips in the securities and Internet finance fields. As long as the dynamic position level of the fund remains unchanged during the day, , then no matter how the news changes, we will not be short-changed."

"Yeah!" Zhou Hui continued to nod, "This is the only way."

"However, the external market does look like a storm is about to come." Qin Qiuyue paused and then said, "If the trend of the external market continues to be bad, and the Shanghai Index hits 3500 points, there may be changes."

Zhou Hui responded: "In the short term, it is possible that there will be changes, but in the medium and long term, as long as the market's 'bull market' logic continues to ferment, and the transaction volume and the overall money-making effect of the market continue to rise, then the Shanghai Stock Index will be 3500 points This pressure level cannot stop the Shanghai Stock Index at all.

Although I don't know what Mr. Su's expected selling point is for the core line of 'big finance'.

I don’t know how big the market expectations for the core line of ‘big finance’ are in Mr. Su’s mind?

But I know that the current market trend of the core main line of 'big finance' has definitely not reached the top, and there is still a long way to go from the expected top. "

As the two of them discussed, it was time to make adjustments to their trading strategies.

In the news from the two cities, the concept of the 'New Era Road and Maritime Silk Road' has begun to flow out. I heard that the leaders have secured several large orders for the construction of 'high-speed rail' during their diplomatic visits. At the same time, There are also several stocks with a state-owned holding background that have issued market announcements about proposed restructuring, declaring that the policy direction of "reform and reorganization of central and state-owned enterprises" is still in progress without any stagnation.

At this time, various institutions have made in-depth adjustments to their position structures and further changed their trading strategies. They plan to continue to increase the investment weight and position weight of the main lines of 'big finance', 'big infrastructure', and 'military industry', and market news has begun to increase again. Continuously releasing positive effects.

The one-and-a-half-hour break at noon flew by without even realizing it.

Then, 1 p.m. came.

After the two markets were suspended for an hour and a half, they once again ushered in a period of continuous bidding and trading with the attention of tens of millions or even hundreds of millions of investors both inside and outside the market.

I saw that the time hand had just crossed 1 o'clock in the afternoon.

Several important market indexes, including the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index, were deeply brewed by the mood at noon and under the influence of the news. They rose rapidly and instantly, continued their upward impact, and almost simultaneously started to rise again within a minute or two. A new intraday high was set.

At the same time, as major indexes moved one after another and rose rapidly.

The two major sector indexes, the securities sector and the Internet finance sector, have risen in a straight line. Their increases have exceeded the 2.5% mark during the day, jumping to the top of the list of gains in the industry sector and concept sector in the two cities. Correspondingly, 'banking, insurance' , architectural decoration, building materials, commercial real estate development, national defense and military industry, machinery and equipment, public transportation, non-public transportation, steel, cement...' and other main lines related to 'big finance', 'big infrastructure', and 'military industry' The related industry sectors are also rising rapidly, attracting the attention of a large number of active buying funds.

Especially the 'non-public transportation' sector and the 'high-speed rail' concept sector.

Due to the positive stimulation at noon, its two major sector indexes rose rapidly at the opening of the afternoon, and also quickly jumped to the top three positions in the industry sector and concept sector gainers in the two cities. Moreover, 'China South Locomotive & Rolling Stock Corporation, China North Locomotive & Rolling Stock Corporation Limited's two checks increased by more than 2 points in a straight line within 3 minutes, jumping to an intraday increase of 3%, once again showing an extremely strong trend attitude. (End of chapter)