In the fierce market shock, the active management ability of fund managers can be better reflected through the allocation of funds. Good Buy Fund Research Center believes that the timing ability and stock selection ability of funds should be investigated, and the best allocated funds should have strong timing and stock selection ability. Therefore, 52 funds (established more than one year) are selected as research samples. Shanghai State-owned Assets Supervision and Administration Commission (SASAC) stopped the scale of ten institutions that did not encourage repurchase. Afternoon, 55 people can only hope to increase repurchase to turn over. Deng: Huijin may increase its holdings of other financial stocks. Mei Xinyu: This round of stock market is really oversold, and the amount of funds is seriously insufficient to assess the situation, mainly to examine the timing ability of funds, mainly in the changes of fund positions. The results show that there is a strong correlation between fund income level and fund position, especially for large-scale funds. A fund manager can effectively avoid some market risks if he can reduce his position before the market plummets or quickly reduce his position during the continuous decline of the market.
Take Societe Generale Trend Fund as an example. The investment characteristics of this fund are to follow the trend and pay attention to the trend investment. With the decline of the market, the stock position of the fund has dropped to about 50%. In addition, in a wave of market rebound from April 22, 2008 to May 5, 2008, a more cautious strategy was adopted to better avoid the downside risk. Allocated funds
The vision of stocks is mainly to examine the fund's stock selection ability. Good Buy Fund Research Center believes that if a fund has a higher net growth rate on the basis of equal positions, it shows that the fund has better stock selection ability.
Take Huaxia dividend fund (market, net worth, fund bar) as an example. In addition to lightening positions in the third quarter of 2007 to deal with market systemic risks, more stock picking is used to resolve market risks. Looking at the asset allocation of the fund in the second quarter of 2008 and the second quarter of 2007, we can find that it has greatly reduced the investment proportion of machinery and equipment, instrumentation industry and real estate industry, and greatly increased the investment proportion of information technology industry. Facts have proved that the fund has excellent industry allocation ability. By analogy, similar funds are closed as follows: "stock selection ability" fund. Good Buy Fund Research Center believes that the best fund should not neglect its timing and stock selection ability, but should be able to flexibly use its timing and stock selection strategy according to market changes, so as to maximize its income on the basis of effectively avoiding risks. Based on the timing and stock selection ability of sample funds, combined with the investigation of fund fundamentals and company platform, it is suggested to pay attention to the "all-round star" fund shown in the figure below.