The world's largest China equity fund reduced its holdings of Maotai shares in January, revealing that the hot style of China stock market is about to change again.

following the reduction of maotai in the fourth quarter of 22 by "American fund-Europe Asia-Pacific growth" fund, another heavyweight fund recently reduced its holdings of maotai, namely UBS equity fund under UBS. Compared with the end of 22, the fund's holding of Kweichow Moutai decreased by 3.66%.

Since the outbreak of the COVID-19 epidemic in 22, the United States has increased several trillion yuan, and in 221, it has increased 1.9 trillion yuan. The global currency has released a lot of money, and a large amount of money cannot be exported, so it can only invest in stocks. For the first time in history, the total market value of the US stock market has reached twice the GDP of the United States.

In addition to the financial bubble in the United States, the price of gold has risen sharply, the value of bitcoin has been hitting record highs, the price of commodities has been rocketed, and the price of oil has also been rocketed. As long as all assets that can be rocketed are rocketed, where will a large amount of surplus global funds be placed next?

In China stock market, after Maotai's speculation is high, it is still possible to switch positions and exchange shares. After all, there are still a large number of stocks in China that have not been speculated, so it is enough to switch market hotspots by turns. However, all the stocks that can be speculated in the US stock market have been speculated, and even Bitcoin has reached a new height. There are not many assets in the United States that can be converted and then speculated. It seems that we can only switch positions and exchange shares in China stock market. It seems that the hot spot style of China stock market will be changed again.

Extended information

The investment expectation of China investment market for Kweichow Moutai remains optimistic:

It is reported that the investment expectation of China investment market for Kweichow Moutai remains optimistic, and many brokerage institutions have raised their target prices one after another. CITIC Securities even raised the target price of Kweichow Moutai to 3, yuan in one fell swoop on the eve of the Spring Festival, and continued to maintain the "buy" rating.

From this point of view, although the expectations of Kweichow Moutai are beginning to diverge, and both optimism and reduction coexist, it does not seem to prevent investors in China market from having a special liking for Maotai.

Some netizens jokingly called it "sedan chair Fund, and foreign investors reduced their holdings by making profits". At this time, the current valuation score of Kweichow Moutai reached 1, while the current valuation of Shanghai Stock Exchange was 15.9, the current valuation of Shenzhen Stock Exchange was 35.75, and the valuation of GEM was 72.25, which was far lower than the current valuation score of 97 in the brewing sector. However, Moutai's share price still seems to have no signs of stopping, and in the last month, it hit the highest monthly increase of 22.91%.