Fund position refers to the ratio of the market value of fund shares to its total net assets, which reflects the participation of institutional investors in the stock market.

The content of fund positions The level of fund positions implies that fund managers are optimistic or cautious about the market outlook of the securities market. On the premise that the fund share remains stable, the increase of fund positions often means that the fund is more positive and optimistic about the market outlook, so the fund positions can give investors a general impression. If we further analyze the structural changes, investors need to deeply study the industry allocation of the fund and the top ten awkward stocks. Generally speaking, funds with big changes in the top ten positions will operate more frequently and change hands more frequently than in the medium term.

Because the fund position reflects the fund's attitude towards the long-term market, the fund position index belongs to the midline index. The large single net inflow index reflects the changes of the main positions, including private placements, hot money and other main institutions with large funds in their hands.