Public and private institutional investors optimistic about after the rebound phase for the time opening Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click on [I want to complain], Sina help you expose them! The reporter Huang Lei Chen Junling, editor Chen Yu yesterday from the Shanghai stock market turnover, "eleven" holiday approaching, investors wait-and-see sentiment strong. But for the festival of the trend of judgments and investment strategies, in insurance, fund and other institutional investors a more consistent view is: promising holiday "stage rally", waiting for the opening time. The logic behind the festival is: the elimination of liquidity disturbance at the end of the festival and the improvement of liquidity; the scale of the two cities will be significantly reduced after the festival. Another important reason is that in the context of the "asset shortage" intensified, the relative advantages of high-quality stocks gradually appear. This means that the demand for asset allocation in the stock market still exists with institutional investors sitting on a large amount of capital. After the holiday or "rebound stage" surveyed insurance, funds, private equity and other institutional investors generally believe that, in view of the financial side, the fundamentals, the emotional factors in the post stage is expected to improve, the suppression of the recent market performance strength or eased, the market is expected to stage a rebound. Jiutai Fund recently released a report, clear expression of the "real estate regulation policy is expected to promote the stock market or become a new variable" point of view, that "the recent property market booming, expected with the regulation of the property market is expected to overweight, marginal to cool the property market and the stock market" seesaw effect "of the marginal changes, is conducive to the stock market funds the better." Coincidentally, rosefinch investment manager also noted that the A shares and the property market "one cold and one hot" contrast. "In the property market funds diversion case, before the market sentiment tends to be cautious, after the four quarter market volatility will likely increase, the market after a long time after the sideways facing the direction of choice. However, the market trend in the four quarter should be cautious but not pessimistic, and the fourth quarter should be the stage of positive layout from bottom to top." Insurance agencies are not pessimistic about market performance in the four quarter. Many large insurance institutions investment managers point of view, although the economic fundamentals without significant improvement signs, but there is no further deterioration of the situation, the pattern of market volatility has not changed. "Therefore, we continue to maintain the previous stock index between 2800 points to 3200 points to carry out band operation strategy, if the Shanghai stock index fell to 2900 points, will be based on its own characteristics of funds, bargain gallon." An indisputable fact is that the trend of decline in the new economic norm and interest rates, relatively ample liquidity under the "asset shortage" phenomenon intensified, such as insurance funds and other institutional investors’ money, want to configure the assets "of the strong demand, from the perspective of value investing, some high-quality blue chips for some long-term capital is still attractive. But in the short term strategy, they may still operate mainly in bands, with larger, more persistent opportunities, or waiting for further evidence from corporate earnings improvement. Consider the allocation of the festival held in the oversold blue chips rebound stage "theory

公私募看好节后阶段性反弹 机构投资者静待加仓时机 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   ⊙记者 黄蕾 陈俊岭 ○编辑 陈羽   从昨日沪市成交量来看,“十一”长假临近,投资者持币观望情绪浓厚。但对于节后的走势研判及投资策略,以保险、基金等为主的机构投资者较为一致的看法是:看好节后“阶段性反弹”,静待加仓时机。   节后加仓的背后逻辑是:节后季末流动性扰动因素消除,流动性将出现好转;节后两市解禁规模将明显降低等。另一个重要原因是,在“资产荒”愈演愈烈的背景下,优质股的相对优势逐步显现。这意味着,坐拥大量资金的机构投资者,对股市的资产配置需求仍然存在。   节后或现“阶段性反弹”   受访的保险、基金、私募等机构投资者普遍认为,鉴于资金面、基本面、情绪面等因素有望在节后出现阶段性好转,压制近期市场表现的力量或有所缓解,市场有望出现阶段性反弹。   九泰基金在最近发布的一份报告中,就明确表达了“房地产调控政策预期或成为推动股市新变量”的观点,认为“近期楼市异常火爆,预计随着调控加码,楼市有望边际降温,楼市与股市间‘跷跷板效应’的边际变化,有利于股市资金面的好转。”   无独有偶,朱雀投资经理也注意到了A股与楼市“一冷一热”的反差。“在楼市资金分流的情形下,节前市场投资者情绪趋于谨慎,节后四季度市场波动可能将加大,市场在经过长时间横盘后将面临方向选择。不过对四季度市场走势,应谨慎但不悲观,四季度应当是在自下而上基础上积极布局的阶段。”   保险机构对于四季度市场表现也不悲观。多家大型保险机构投资经理的观点是,经济基本面虽然没有大幅改善迹象,但也没出现进一步恶化的情况,市场区间震荡的格局仍未改变。“因此,我们继续维持此前在沪指2800点至3200点间开展波段操作的策略,若沪指跌至2900点附近,会根据自身资金特点,逢低加仓。”   一个不争的事实是,在经济新常态及利率走低趋势下,流动性相对充裕下的“资产荒”现象愈演愈烈,诸如险资等机构投资者“钱多、想配置好资产”的诉求强烈,从价值投资的角度来看,一些优质蓝筹股对于一些长线资金而言吸引力仍在。但短期策略上,他们可能仍以波段操作为主,更大、持续性更强的机会或需等待来自企业盈利改善等方面的进一步证据。   考虑配置超跌蓝筹股   在持有节后“阶段性反弹”的预期下,机构投资者具体看好哪些品种?从受访的公募、保险等机构的反馈来看,重点基本锁定超跌且有业绩保证的蓝筹股。   多位保险机构投资经理透露,节后主要考虑买入部分全年盈利水平明确、估值偏低、超跌的金融或消费品种,以及部分周期性龙头股。此外,不少保险机构四季度还看好泛基建类股票。他们的逻辑是:在经济增长下行压力持续的背景下,下半年基础设施建设领域的政策支持和实际投资有望持续释放,为此看好泛基建类周期股,尤其是同时受惠于“一带一路”、国企改革的优质个股。   在接受记者采访时,华夏基金经理庞亚平表示,只有估值合理且业绩增长良好,才是股价的核心支撑,整体来看,目前的大盘蓝筹更加值得关注。九泰基金相关负责人也表示,景气改善、盈利确定性较高的板块有望在节后出现更好的表现。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: