On the first day of the market opening of the selected layer, there was a public offering of the new third board investment, and the daily floating loss was more than 10 million yuan

category:Finance
 On the first day of the market opening of the selected layer, there was a public offering of the new third board investment, and the daily floating loss was more than 10 million yuan


On the first day, we adopted a relatively cautious investment approach, said a public fund manager who manages the new third board fund. We are optimistic about the new share subscription and transfer board investment opportunities of the selected layer, so we will focus on in-depth research and select individual stocks, and will not pay too much attention to trading opportunities in the secondary market.

According to statistics from Chinas securities companies, eight of the 32 enterprises listed on the new third board on July 27 showed the figure of public funds in the strategic placement results, which were: Liancheng CNC, Yingtai biology, Airong software, Hanbo hi tech, Guandian defense, taixiang, xinanjie and beiteri. The total amount of public funds allocated was 239 million yuan.

Among the three fund products obtained strategic placement, Wells Fargo has been actively growing for one year. Regular open hybrid securities investment fund has participated in the strategic placement of six stocks, including AI Rong software, Yingtai biology, beiteri, taixiang shares, Liancheng CNC and Guandian defense, with a total allocation amount of 107 million yuan, which is also the highest among the first batch of public offering new third board funds.

Chinese reporters from securities companies sorted out the list of selected enterprises on the new third board that participated in the strategic placement of public funds

By the end of July 27, only three of the eight selected listed companies with public offering participated in the strategic placement had their share prices up, ranging from 5% to 11%. They were beiteri, Yingtai biology and Airong software. The remaining five companies were all down to varying degrees, including Liancheng CNC, Guandian defense, taixiang, Hanbo hi tech and xinanjie, among which taixiang and Hanbo hi tech are listed And xinanjie fell by more than 10%.

Specifically, Wells Fargo has been actively growing for one year. Among the stocks that regularly open up hybrid securities investment funds to participate in the allotment, three Rose: Bertrand, Yingtai biology and Airong software; and three stocks fell: Liancheng CNC, Guandian defense and taixiang shares. If calculated at the closing price, the new third board fund will get a cumulative floating profit of 4.8491 million yuan.

However, huitianfus innovative growth year of regular open hybrid securities investment funds participation in the placement of three stocks fell, if calculated by the closing price, the accumulated floating loss of the product in the new third board investment was 10.8875 million yuan.

At the beginning of June, the first batch of five public offering fund companies - Huaxia, Fuguo, huitianfu, CMB and Wanjias application for the new third board public offering funds were approved. These funds are mainly partial stock mixed funds and operate in the mode of regular opening or rolling holding. All of them are designed with a certain closed period. The proportion of products invested in the selected enterprises of the new third board is not more than 20%, The proportion of investment in the open period shall not be higher than 15%.

However, according to the latest market news, the restrictions on investment proportion will be cancelled in the follow-up new third board public offering funds. Fund companies can set up new third board public offering products according to their own risk management ability and risk return characteristics of selected stocks.

What kind of experience is the market without leeks! After the closing of the 27th, investors in the new Third Board issued such sentiments.

In the selected layer of the new third board, only 10 stocks of the board closed up, and n shares increased by 55.4%, showing the best performance; 21 stocks fell, and 4 stocks including n Liujin fell by more than 20%, and the performance of the first day of the market was lower than expected.

China Merchants growth select fund manager trillion told Chinas securities companies that on the first day, stocks of the selected layer rose and fell each other, reflecting that investors have a more rational view of the prices of the selected layer stocks. Since individual stocks have been traded in the innovation layer before listing on the selective layer, which fully reflects the market expectation, the price discovery of individual stocks has been completed before listing on the selective layer, and the mutual rise and fall after listing is the performance of mature stock market.

Wanjia fund related people believe that from the performance of the first day of the listing of the selected layer, the circulating capital stock is relatively large, the selling pressure of the original small and medium-sized shareholders is large, and the A-share market is in the stage of drastic adjustment recently, which has a great impact on the market sentiment and sentiment. In addition, the number of online accounts is relatively small, the buying power is insufficient, and the liquidity is limited. In addition, the participation of selected institutions is small, the proportion of retail investors is high, and the number of professional institutions leads to insufficient participation of value investment forces, and the proportion of speculative funds is too high, which makes it easy to chase up and kill down. But generally speaking, the first batch of listed companies has low price earnings ratio and high margin of valuation. The current price estimation bubble is very small and has certain investment attraction.

The above-mentioned people believe that the main difference between the listing of new shares at the selective level and the traditional A-shares and the science and technology innovation board is that the restriction system is relatively loose. In addition to defining the major shareholders and actual controllers, the small shareholders before listing can circulate freely, which is a big variable, which will increase the power of selling and increase the complexity of the game of IPO listing. In addition, the increase of IPO is related to the overall sentiment of A-share market, the price earnings ratio, the size of the circulation plate, the quality of enterprise fundamentals, and the number of online accounts.

Although the first trading day was less than expected, the attitude of fund managers was generally optimistic. On the first day, we adopted a relatively cautious investment thinking. We are optimistic about the new share subscription and transfer board investment opportunities of the selected layer, so we will focus on in-depth research, select individual stocks, and do not pay too much attention to trading opportunities in the secondary market. In the future, we will actively follow up high-quality enterprises, look for selected enterprises with good fundamentals and low valuation, and participate prudently according to the liquidity situation of the market.

Wells Fargo believes that after the reform, the selected stocks of the new third board will have better liquidity, stronger information disclosure and better corporate governance; during the transition of the selected layer to the Shanghai and Shenzhen exchanges, the further improvement of liquidity may bring about the rise of valuation. Its investment direction will focus on the selection of growth companies with clear profit model, rapid business development, and initial profitability, or innovative enterprises with high market recognition and strong R & D innovation ability.

The net value of gold ETF reached a new high when fund managers said that the big cycle opportunity was coming, and the voice of funds in A-share market was even louder under the tide of trillion issuance. Source: securities companies, China editor in charge: Ren Hui_ NBJ9607