The Stock Base'S Overall Position Was Increased To 80% Of The Ten Largest Fund Companies, 6 Of Which Added 4.

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Haitong Securities report shows that the average position of active managed stocks and hybrid open-end funds rose from 73.43% in October 20th to 80.59% in November 3rd, a 7.16 percentage point increase, which has risen to a higher level since 2006.

The Huatai Securities report shows that as of November 4th, the average position of the open ended fund increased by 0.51 percentage points to 84.83% in October 21st, including stock type.

According to Minsheng securities, as of November 4th, the position of the active equity funds increased by 1.39 percentage points compared to October 21st.

Haitong Securities estimates that over the weekend, the number of funds in stock funds with a position of more than 90% increased significantly, with an increase of 43.59%. The number of funds in mixed funds ranging from 60% to 70% and below 60% decreased by 8.70% and 34.38% respectively.

China and Thailand joint securities estimates show that in the past two weeks, the proportion of high position funds increased significantly.

As of November 3rd, more than 90% of base positions amounted to 127, accounting for 50%, while those with positions less than 70% accounted for only 15, accounting for 6% of the sample size.

However, in the context of the overall upgrading of positions, the position of large fund companies has been divided.

According to Haitong Securities statistics, nearly two weeks ago, 4 of the ten largest fund companies took the initiative to reduce their positions, and 6 took the initiative to add positions.

Haitong Securities believes that in the overall good market environment, the fund chose to take the initiative to raise the positions in the past two weeks and share the market rally. However, the positions of the top ten fund management companies increased or decreased.

In fact, under the current market situation, fund managers who suffer from the rank are hard to sit on the mountain and watch the tigers even if they are not optimistic. Especially the fund managers who are relatively backward in the performance ranking can only take a beating, because the low positions mean that they will lose, and the positions will be raised. Once the bull stocks are caught, or if there is a better market, there will be an opportunity to "take the place".

Star fund manager of a large fund company in Shenzhen said, "now it is only 1 months from the end of the year. We are under great pressure. In fact, it is not particularly optimistic at the moment. We feel that the market is too optimistic about the expectation of falling inflation.

However, they dare not sell stocks for security, because once they are wrong, their ranking will plummet.

Therefore, only one market average position can be maintained.