Time for a share to enter the two sessions: consumer infrastructure technology becomes three major allocation focuses

category:Finance
 Time for a share to enter the two sessions: consumer infrastructure technology becomes three major allocation focuses


In fact, a shares were relatively stable on the eve of the two sessions, and the Shanghai stock index has been fluctuating around 2900 since May.

A number of fund people said that consumption, infrastructure, science and technology may become the focus of the two sessions market.

Most of the fund people interviewed by the 21st century economic report believed that the A-share rate was stable during the two sessions, most of them were dormant at present, and some of them also reduced their positions to be increased after the two sessions. But the agency as a whole believes that in the medium and long term, it is a good time for investors to allocate.

Choice of fund manager

The above-mentioned person in charge said that in the near future, we will reduce our positions, plan to wait for the market callback after the two sessions, or increase our positions when there is a certain opportunity.

Many public and private fund managers interviewed by the reporter said that they had stayed dormant in the near future and did not take special action on the two sessions market.

My existing operation policy will continue. An equity manager of a large public fund said. I dont have a specific strategy for the two sessions. In terms of policy, the market has been fully expected. I am more concerned about whether the policy will have a lower part than the market expectation and the effect of specific implementation in the future.

He said that at present, the allocation of technology stocks with high positions is maintained.

The market volatility is still in the position range, I have no further operation plan for the time being, said Xia Fengfeng, the future star fund manager of private placement network

One investor suggested that since the trend of a shares fluctuated slightly during the two sessions, investors should lower their expectation of return and take waiting or waiting as the best policy. After the two sessions, it is more stable to enter the market after the market is determined.

However, there are also institutional people who are optimistic about the investment opportunities of the two sessions market.

Before and after the NPC and CPPCC, there will be some plate opportunities in the market, such as those benefiting from the policies of the NPC and CPPCC. For example, when the two sessions are held during the epidemic, some measures may be taken to deal with the epidemic, such as stimulating consumption, stimulating investment, and building new infrastructure. Therefore, there should be better structural opportunities for consumption and science and technology sectors. Yang Delong, an open-source fund of Qianhai, said.

Xia suggested: in the current index range, opportunities are greater than risks, and under the control of the overall position, we can actively layout.

In fact, although many investment institutions are cautious about the short-term operation, they are optimistic about the medium and long-term opportunities of a shares after the two sessions.

For the A-share market, under the influence of the double factors of policy favorable near realization and the aggravation of overseas game, the possibility of aggravation of shock cannot be ruled out. But in the medium and long term, it may also provide another good opportunity for the firm investors who are bullish on a shares. Golden Eagle Fund said.

Zhang Ting also said, at present, the downside risk of a shares is limited, and the whole year is up, but there may be fluctuations in the middle. In a long time, it is currently in a good configuration period of 1-3 years.

Two sessions investment opportunities

For investment institutions, the two sessions are a vane to observe policies and have an important impact on the direction of investment in the future.

At present, the biggest uncertainties in the market lie in the performance of the peripheral market, the impact of the US containment of Huawei events on risk appetite, and the fact that the economic objectives of the two sessions are not as expected or the policies are not implemented as expected. The opportunity for the future lies in the fact that the two sessions will set more than expected policies or economic goals, as well as investment opportunities with policy certainty and profit certainty will continue, Zhang said

On this basis, Zhang Ting suggested two main investment directions: first, 5g infrastructure construction, big data, TMT and other new infrastructure fields; second, old residential area reconstruction, real estate completion industry chain and old infrastructure investment: chemical industry, mechanical equipment, building materials, furniture and home appliances.

Wang Yanglin, manager of Yibo investment fund, also believes that whether the two sessions have support policies for macro-economy and supermarket market expectations in specific fields will affect the overall market and performance of related industries. We can pay attention to whether the policies of the two sessions exceed expectations and choose the investment direction in combination with the valuation level.

And for the policy direction of the two sessions, institutional personages also have expectations.

Li Kejie, general manager of Quanhong private equity fund, said that this years two sessions policy is worth looking forward to. On the one hand, investment is bound to expand, and both the traditional iron public base and the new infrastructure have good opportunities. On the other hand, on the whole, capital is relatively loose, which is good for a shares. At present, I am expanding my positions in the major financial industry, environmental protection and emerging industries. Nie Shilin, fund manager of the equity investment department of Anxin fund, said that the overall profit is down, and the valuation of some industries is up, which is the overall pattern of the current market. Our main idea of stock selection is to be relatively immune to the epidemic situation, while companies whose valuation is still in a reasonable range are mainly required to choose consumer goods, medicine and building materials, while a very small number of stocks with industrial trend are allocated, such as: semiconductor, core components of electric vehicles, etc. Extended reading of Equity Funds hot money product, single day absorbing more than 5 billion institutional funds, game of science and technology leading fund managers looking for bottom time source of this article: responsible editor of 21st century economic report: Ren Hui ufe63 nbj9607

Li Kejie, general manager of Quanhong private equity fund, said that this years two sessions policy is worth looking forward to. On the one hand, investment is bound to expand, and both the traditional iron public base and the new infrastructure have good opportunities. On the other hand, on the whole, capital is relatively loose, which is good for a shares. At present, I am expanding my positions in the major financial industry, environmental protection and emerging industries.

Nie Shilin, fund manager of the equity investment department of Anxin fund, said that the overall profit is down, and the valuation of some industries is up, which is the overall pattern of the current market. Our main idea of stock selection is to be relatively immune to the epidemic situation, while companies whose valuation is still in a reasonable range are mainly required to choose consumer goods, medicine and building materials, while a very small number of stocks with industrial trend are allocated, such as: semiconductor, core components of electric vehicles, etc.