In the background of continuous disturbance in the peripheral market, the private equity funds gathered many experts and chose to continue to increase the position of a shares!
According to the latest data of private placement network, private placement position rose for two weeks in a row. As of July 31, the overall position index rose to 76.29%, with an increase of 0.61 percentage points month on month, reaching a new high in recent four years. This position level is second only to 2015 in history.
On the one hand, private investors choose to add positions, and on the other hand, they actively record and issue new products and raise funds to prepare bullets for the next market.
However, in the near future, domestic and foreign funds began to continue to differentiate, and northward funds continued to flow out. For the following market, private placement also began to differentiate.
Domestic and foreign funds continue to differentiate, and private equity positions have reached a new high in nearly four years
At the end of July, China and the United States closed embassies to each other, and the Shanghai composite index once fell below 3200 points. In August, as the United States began to put continuous pressure on Chinese technology companies to block tiktok, external shocks continued, and market risk appetite also decreased.
Last week, the market fluctuated sharply, and the northward fund continued to flow out. Last week, it sold 4.449 billion yuan, which has been net outflow for four consecutive weeks, with a cumulative net outflow scale of 52.6 billion yuan.
The study of investment promotion strategy points out that from the perspective of the historical relationship between the two, if the northbound capital is sold and the financing balance flows in, the market will adjust obviously; on the contrary, if the northbound capital is purchased and the financing balance is outflow, the market tends to rebound obviously.
Gathering many experts of private equity funds are not afraid of external shocks, choose to do long a shares.
According to the master data of private placement network portfolio, the private placement position of stock has risen for two consecutive weeks, reaching a new high in recent four years, which is second only to the position level in 2015 in history.
As of July 31, the overall position index of private placement was 76.29%, with an increase of 0.61 percentage points month on month. Among them, 54.20% of private placement positions exceeded 80% and only 5.07% of private placement positions were less than 20%.
In terms of scale, the 10 billion private placement increased the position by 1.32 percentage points month on month, of which 68.31% of the 10 billion private placement positions exceeded 80%, and the 10 billion private placement positions with the position less than 50% accounted for only 5.74%.
Private placement actively launched new products, breaking through 600 in 4 consecutive weeks
On the one hand, private fund managers choose to continue to see the long market, while on the other hand, they actively record the issuance of new products and raise funds to prepare sufficient bullets for the next market.
According to the data of private placement network, 682 private placement products completed the registration last week, and the number of registered products exceeded 600 for four consecutive weeks. Among them, there are 555 securities private placement filing products, accounting for 79% of the newly added filing products, which shows the enthusiasm of investors to subscribe for private securities products.
Many well-known 10 billion private placement last week intensively filed a batch of new products. Among them, 10 billion private equity Liren investment put on record 14 fund products in a single week, ranking first in private placement. Up to now, Liren investment has registered 49 products this year.
It is worth noting that Wu Renhao, a new fund manager who added 10 billion private equity to Gaoyi assets in May, put on record 10 products last week. So far, Wu Renhao has put on record 12 products.
According to public information, Wu Renhao has 19 years of investment experience. Before joining Gaoyi asset, he was the equity investment director of the asset management department of CICC. Wu Renhao, who has been deeply involved in Chinas A-share and Hong Kong stock markets for many years, has rich investment practice and experience, and has managed a portfolio of more than 10 billion US dollars.
Private placement: external impact disturbance, it is imperative to mend the short board
Heju investment, on the other hand, said that under the general trend of decoupling between China and the United States in science and technology, it is imperative to make up for the weaknesses. It is urgent to accelerate the innovation driven development strategy and enhance the competitiveness of science and technology, especially the ability of self-control. We are still optimistic about the investment opportunities of science and technology stocks in the medium and long term, especially in the field of information and innovation. 2020 is the first year of full-scale development. In the future, a number of enterprises will grow rapidly in this process. The field of science and technology will be one of our long-term concerns and layout directions.
Chunda Fund believes that the market has given a more optimistic expectation to the stimulus bill that the United States is still trying to push forward. The large-scale stimulus plan will continue to boost the risk preference of the market, and the positive progress of vaccine research and development has also made the market confidence unaffected.
At the policy side, efforts will be made to build a new development pattern with domestic big cycle as the main body and domestic and international dual cycle promoting each other, releasing domestic demand potential and industry upgrading trend unchanged, relatively resilient economy, limited market downward space, increasing short-term IPO frequency, increasing industrial capital reduction scale and geo friction risk will still disturb the recovery rhythm of the market and northward investment The change of gold flow still needs attention.
Source of this article: Ren Hui, editor in charge of securities companies in China_ NBJ9607