1. Investors' positions are not fixed, because each investor's investment principal is different. For example, you have 6,543,800 yuan and bought a fund of 30,000 yuan, which is called a 30% position. And if the investment cost is only 50,000 yuan, then 50% of the position refers to the purchase of a fund of 25,000 yuan.
2. In addition, investors need to know: What do you mean by heavy warehouse, light warehouse, half warehouse, short warehouse and Man Cang? Man Cang is to use all the funds to buy funds; Heavy positions are to buy funds with more than 70% of funds; Half position refers to buying 50% of the fund; An empty position means that you didn't buy anything.
3. The ratio of the stock cost of the fund position to the cost of stock bonds and bank deposits.
(1) This position can be said to be a narrow position, which is the ratio of the stock cost of the fund put into the market to the stock bond cost and bank deposit on the announcement date. That is to say, at a certain point, the funds that the fund has not invested in the stock market are limited to bank deposits, excluding the net accounts receivable and payable.
(2) Because there is no valuation and appreciation data in the quarterly portfolio announcement, the latter two stock positions can only be calculated after the fund announces the interim report. Taking Kaiyuan Fund as an example, several calculation methods show that the highest stock position appears at different times, and the first and second stock position algorithms are quite different, with a difference of more than 8 percentage points.
1. The fund position refers to the proportion of the market value of the fund's holdings to its total net assets, reflecting the participation of institutional investors in the stock market.
2. Contents of fund positions
(1) The level of fund positions indicates whether fund managers are optimistic or cautious about the market outlook of the securities market. On the premise that the fund share remains stable, raising the fund position often means that the fund is more positive and optimistic about the market outlook, so the fund position can provide investors with a general impression.
(2) If the structural changes are further analyzed, 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.
3. Since the fund position reflects the fund's attitude towards the long-term market, the fund position indicator belongs to the mid-line indicator. 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.