Fund managers are human beings, but their thinking is different. If you don't like a stock, I do. Even for st stocks, there are funds willing to take that risk (especially private equity funds), study the probability of turning losses into profits, study the probability of restructuring, and study the probability of being backed out. In order to get the maximum benefit.
Data released by Tian Tian Fund: 13 1 fund companies, including 7430 funds. However, the March data released by the Fund Industry Association on April 28th is that there are 1 16 fund management companies, and the number of funds is 5085. The difference between the two data should be the A share and the B share, or even the C share in the graded fund, and the ABC in the charging form overlaps.
For example, there are 662 money funds published by Tian Tian Fund, while there are only 348 fund industry associations, nearly double the difference. For example, there are three prudent currencies: A, B and E.
If the top ten stocks held by the fund are all heavy positions, then you can calculate 3000 funds (according to the number of hybrid and equity funds in the data of the fund industry association), that is, 30,000 stocks in A shares are heavy positions!
Select 30,000 heavyweight stocks from more than 3,000 stocks. Don't you doubt that every stock has been heavily invested by the fund? If the fund can't buy heavy stocks, what stocks can it buy?
Therefore, this should be a false proposition. If it is a true proposition, then it must have its preconditions. For example, the stocks that have soared recently are all heavily funded on a large scale, so we should avoid such stocks. Because of the information asymmetry, we don't know when the fund will sell for profit.
However, there are many funds that have a heavy position in a stock, but we can still buy it selectively. For example, Gree Electric, Midea Group, Kweichow Moutai, SAIC and so on have too many institutions and funds that hold it, and the number of tradable shares has decreased and the stock price has risen.
So why did the fund choose these stocks? Because the fund is interested in the intrinsic value of the stock, I believe that the enterprise can bring greater benefits to investors in the future, rather than short-term fluctuations. Buying stocks means buying shares in listed companies, and everyone wants to hold shares in good companies. If you miss the market because of the fund's heavy position, it can only be hehe.
Of course, when the stock market begins to bear, we should avoid buying many stocks with heavy positions, because even if the fund manager doesn't sell them cheaply, they will be redeemed by the basic people, which will lead to the stocks being sold cheaply. If many fund's heavy stocks are being sold cheaply, then a vicious circle will be formed. The cheaper they sell, the more they redeem, and the more their share prices fall. If investors buy stocks in heavy positions in many funds at this time, there will be greater losses.
But then again, were you still rushing to buy stocks when the stock market started to go? This should be a problem that I have experienced!
When the stock market starts to go bullish, you should choose the stocks with heavy positions in the fund and follow them to make profits; When the stock market starts a bear market, you should stop loss, especially don't buy many stocks with heavy fund positions, because such stocks will fall even more accordingly.
Perhaps people have experienced a long bear market and have never seen a slow cow, so they come to the conclusion that funds can't buy heavy stocks. For A-shares, many stocks with heavy fund positions may really not be bought, because the market is short and long! This is a kind of torture, being cut into leeks.