Rebirth of the Investment Era.

With the passage of market trading hours.

In the afternoon's market performance, the two major industry lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises', once again experienced strong shocks. It has become the core popular mainline for the market to focus on popularity, sentiment and main funds, and it has also become the mainline sector with the strongest profit-making effect in the market.

"Sure enough, in the financial trading market, the principle that the strong will always be strong is universal!"

At around 1:30 p.m., in the trading room of Shenzhen Stock Exchange, Xinniu Fund Company, the main fund, Mou Zhengxing, who has been promoted to fund manager, stared at the changes in the two markets and said with emotion: "I feel that the active capital flow of the entire market is completely blocked by the 'infrastructure ' and 'Military Industry', the two main lines of investment, as well as concepts and industry sectors related to core concept themes such as 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', etc. .

The active capital flow of the entire market is completely concentrated in these core main lines.

As a result, although the trading volume of the market is rising steadily, other main lines of investment in the market are completely in the process of continuous blood loss. There is no continuous market and profit-making effect at all, and there is no way to gather popularity and emotions. "

Behind Mou Zhengxing, Fang Xinsheng, who was also observing the changes in the market, responded with a smile: "This is the power of consistent expectations in the market!"

"However, now that the sentiment has come to this point, I feel that the prices of these major core lines in the market are about to peak in the short to medium term, right?" Mou Zhengxing thought for a while, and continued, "After all, if we go up, even if the sentiment and expectations still remain If it can develop further, as the stock price continues to rise, the room for poor expectations will become smaller and smaller.”

Fang Xinsheng nodded slightly, and responded: "Indeed, at this stage, it can be regarded as a feast for shareholders."

"Our company's 'Manniu No. 2' fund product has completed the fundraising and entered the closed operation stage." Mou Zhengxing asked, "Mr. Fang thinks... at this time, where should we start to build a position?"

Although he has been promoted to become the fund manager of the 'Brave Bull No. 2' fund.

However, the position of the first fund manager of the company's two main fund products is still Fang Xinsheng's.

That is to say, the two main fund products. In essence, the decision-making on the macro investment strategy and the trading operation are mainly...Fang Xinsheng is making the decision. His main job is to assist Fang Xinsheng, manage the trading team, and execute the related transactions formulated by Fang Xinsheng. Investment Strategy.

Fang Xinsheng thought for a while, then asked, "What do you think?"

Mou Zhengxing pondered for a moment, then responded: "The two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform of State-owned Enterprises High-level concept sectors related to the main line of conceptual themes such as reorganization and their popular concept stocks are definitely not in line with the current goal of building positions.”

At this time, there are several popular main lines in the major markets.

Although emotional expectations are very hot, the stock price is already in the main upward stage where expectations are strongly fulfilled.

At such a stage... the stock price fluctuates greatly.

As Fang Xinsheng said just now, this is just a feast for shareholders, not a feast for investors chasing up and buying at this moment.

After all, no one knows how much space there is for these major core lines and upward space in this atmosphere of hot emotional expectations?How far will the stock price go?When will the huge profit-making funds gathered in the market conduct large-scale selling and take-profits, thereby putting huge pressure on the market?

Therefore, at this time, big money intervenes.

There is a high probability that in the subsequent development of the market, the profit will not be eaten much, but it will have to bear the risk of a huge retracement adjustment.

Furthermore, in such a relatively high position with intense emotions, the amplitude of the stock price adjustment is quite terrifying. Sometimes even if you buy the right stock, you can't withstand the retracement adjustment.

So, take these factors into consideration.

At the first moment, Mou Zhengxing ruled out the idea of ​​continuing to chase the high Masukura when the new fund builds positions.

"I think today's changes in the 'securities' sector are actually very noteworthy." After excluding several core popular ideas of continuing to chase the Masukura market, Mou Zhengxing continued with a smile, "Mr. Fang didn't say the market was a 'bull market' before. Are expectations' growing?
Now that the market's bull market expectations are constantly increasing, the expectations of the 'big finance' line will naturally also continue to increase.

Today, although the securities sector quickly exploded and fell back in early trading.

However, judging from the flow direction of main funds within the sector, it can also be seen that in this sector today, main funds continue to intervene in building positions.

It's just because in the market, the majority of investor groups have deep complaints about 'big finance'.

There are also popular investment lines such as 'infrastructure' and 'military industry' in the market, which suck blood from the active capital groups in the entire market too hard, resulting in the fact that there are not so many active capital groups in the market to pay attention to and pull the securities sector, and there is no use. Under the surge of funds, this sector formed a joint force, and finally moved towards a situation of shocks and decline.

But anyway.

None of this can deny that the line of "big finance" has certain investment value and logic of future expectations.

Moreover, it can be foreseen that as long as the hot sentiment and expectations of these popular main lines decline slightly, and the stock prices of the corresponding core stocks of these popular main lines continue to soar, the difference in expectations will become smaller and smaller, and it will become less and less suitable for investment. And the hyped value for money.

Then a large number of profit-making capital groups poured out from these popular main lines.

It is sure to find a new main line of market investment, make orders, continue to leverage the market trend style, arouse emotions, and finally grab market profits.

And according to my analysis and guess.

The line of 'big finance' should be the sector most able to undertake and replace the hot main lines of the current market.

So, I think we... can we make a layout in the direction of 'big finance', and start with a part of the core high-quality chips?
Of course, in the current market, the main lines of several hot spots have not yet reached the decline of sentiment and expectations. The huge amount of profit taking and exiting on a large scale in the market, the difference in expectations is getting smaller and smaller, and the hype and investment value are also getting better and better. When the price/performance ratio is not available, the line of 'big finance' definitely has no market performance.

After all, the volume of this line is too large, and it is basically comparable to the volume of the "big infrastructure" line.

Such a large main line volume structure.

In the current market where several major core popular main lines do not fully release funds, there should be no other funds inside and outside the market to join forces to pull the market for this line. Therefore, even if we plan now, we probably have to wait for the wind. Only when you come slowly, or fall into this field, will you have a relatively good position profit.

However, the fund product 'Manniu No. 2' is only closed to us.

According to the rules for investors to invest in our fund products, even if our short-term profit performance is not good, the net asset value will be withdrawn, and it is estimated that there is no big problem. "

"'Big Finance' is the main line of investment." Hearing Mou Zhengxing's analysis, Fang Xinsheng said with a light smile, "It's really good, but it's just a point of purchase. I'm afraid we have to wait."

The amount of funds raised by 'Manniu No. 2' was not large when it was siphoned by the 'Yuhang No. , The market volume is huge, and if the market wants to reverse, it needs an extremely large amount of active funds to promote it.

At present, most of the active funds in the market are still concentrated in the main line of "big infrastructure".

And according to Fang Xinsheng's judgment.

This kind of market trend around the "big infrastructure" will obviously continue for a while.

In this way, at this time, there is absolutely no need for them to intervene in the line of 'big finance' in advance to withstand the weak shocks of this line.

When Mou Zhengxing heard Fang Xinsheng's words, he hesitated for a moment, and asked, "Boss Fang means...it's more appropriate for us to maintain the short position of the 'Manniu No. 2' fund and continue to wait for the emergence of buying points?"

Fang Xinsheng nodded slightly, and said: "Yes, be more patient and wait for a more suitable buying point. Usually, when the main line of the market switches, it will be accompanied by relatively large market fluctuations. At that time... there should be a market that is better than now. A more suitable buying point appears."

"Okay!" Mou Zhengxing thought for a while and nodded.

As long as Fang Xinsheng agrees with his analysis logic and main line of investment views, then...he thinks it is okay to wait until a more suitable market buying point appears.

While the two were conducting in-depth analysis and discussions on the market conditions.

almost the same time.

Inside the main institutions of public offering funds such as 'E Fund, Huarui, Pingyin Asset Management...'.

Especially the main institutions that missed the lucrative period when the main line of the market broke out, or the main institutions whose positions are still obviously insufficient at the current position.

Operational coping methods at this moment.

It is completely different from 'Yuhang, Zexi, Xinniu...' These are relatively smart active main capital groups in the market.

Among them, Pingyin Asset Management Center, the main fund trading room.

Liu Ziliang, general manager of fund asset management business, saw the two major investment lines of 'infrastructure' and 'military industry', as well as several major conceptual themes of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises' The market trend of the conceptual and industry sectors related to the main line has fully entered the climax stage of emotions and expectations, forming a strong upward trend of the entire active capital group in the siphon market.

In order to restore the main funds, the huge retracement and operational errors in the main line of investing in "Technology Growth" at the beginning.

Going further and began to urge the product managers of the major funds to use the new funds that the off-market Christians have continuously subscribed for. The market profits of these major core popular main lines in the promotion stage.

"Mr. Liu, our practice of continuously increasing positions at high positions will quickly increase our holding costs, causing us to instantly reduce the degree of freedom of operation when the amplitude of these popular core lines increases." Chen Shen, fund manager He reminded, "I think it is better to control the positions as much as possible, or to arrange the remaining positions in other relatively stagnant main-line sectors?"

Liu Ziliang smiled and said: "Manager Chen, from the perspective of trading, the strategy you proposed is correct, but if you look at the current status of the asset management industry and the demands of investors on and off the market, it may not be right. gone."

"How...how?" Chen Shen asked with some doubts.

Liu Ziliang patted him on the shoulder lightly, and replied: "Thanks to the hot market trend of continuous breakthroughs in the market in the last quarter, the two major investment lines of 'infrastructure' and 'military industry', and the 'Eurasian economy' Numerous hypes, investment opportunities and extremely hot continuous profit-making effects derived from the main concepts and themes of "Belt", "New Era Road, Maritime Silk Road" and "Reform and Reorganization of Central Enterprises and State-owned Enterprises".

The current domestic fund industry.

Christians' enthusiasm for subscription continues to rise.

At this time, whoever's fund product has a faster net profit increase can siphon funds from Christians.

Just look at the upsurge of purchases of the 'Yuhang No. 4' fund.

Compared with the publicity effect, when everyone's publicity effect is similar, the short-term and medium-term net profit performance has become the most important indicator for Christians to choose fund products.

This is a rare buying boom in which the entire industry is recovering rapidly!
At this time, if we don't seize this opportunity and attract as many off-market investors as possible to the fund products we manage, then we will be surpassed by other similar competitors in an instant in terms of asset management scale, or even pulled down. distance.

So, in order to maintain a high level of competitiveness at this time.

We have to sacrifice part of the risk control restrictions on transactions on the premise of fully increasing the net profit of the fund.

Of course, in fact, according to the current market sentiment and expected changes, there is no major problem in choosing a relatively aggressive position and trading strategy.

Our organization is currently focusing on the two major industry lines of 'infrastructure' and 'military industry', as well as several popular concepts related to the major concepts of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'. The size of the stock holdings is not as good as the main funds of the 'Yuhang Department'.

Moreover, although we are making a big increase in positions.

However, with the frantic purchase behavior of off-site Christians, more and more funds flow into our fund products.

In fact, the more the position is increased, the less fundamental changes will be made to the overall position of our fund.

and also……

Talk about the main line market changes in the current market, as well as the future expectations of the major investment lines and the ability to guide the market.

At present, the two main themes of 'infrastructure' and 'military industry', as well as the main themes of the main concepts and themes of 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', are still indisputable in the market The strongest hype of the main line of the market, when there is no sign of switching the main line of market investment, and the capital flow gathered in these core main lines is still increasing and converging, I think the risk of the transaction is not great.

Isn't there a saying that is often said?

The best defense is the offense.

At this time, we should do our best to maximize profit margins, increase the net asset value of our institution's main fund products, and increase the size and scale. This is the most important thing for the development of our institution! "

When Chen Shen heard Liu Ziliang's words, he was obviously stunned for a while, but he had to admit that the size of a public fund is indeed more important than performance and transaction risk.

At this time, there are countless large organizations in the industry.

It is all about releasing new products, or frantically promoting the main fund products to attract off-market Christians to subscribe.

They are under this kind of competitive pressure, and there is no reason why they should not do so.

"Okay, Mr. Liu, I understand." After a moment of silence, Chen Shen nodded and stopped talking.

Liu Ziliang saw that Chen Shen could see the direction of the overall situation and know what was light and what was heavy, so he couldn't help but smiled and nodded, continued to pat him on the shoulder, and left the main fund trading room.

And with his departure.

Market trading hours began to enter the late stage after 2 pm.

I saw the 'securities' sector, which fluctuated and fell, and had been performing weakly in the intraday. At this time, the volume rose again, and the signs of large capital inflows became more and more obvious, and the momentum was like a rainbow, siphoning the entire market's active capital groups, and continuing to break through' Hundreds of thousands of concept stocks in the main lines of "infrastructure", "military industry", and the main lines of "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Reorganization of Central Enterprises and State-owned Enterprises".

Corresponding fringe concept stocks, at this moment, obviously have greater market pressure.

On the disk, the selling of large orders has increased significantly! (end of this chapter)