Eve of the collapse Kunihisa investment and even the precise short positions

Occasion of the spring, but it is a share of winter. In early April to May 26, Shanghai a-shares fell more than 6%, during the stock fell more than 10% and even cent of countless. Obviously, such market conditions was not a hotbed of continuous insurance performance fermentation, also ensures that only a very few can be growth, germination under such adverse circumstances. In the waves in the winter, the most "lucky" selected non-China value of account MO is – opponents hesitated to end warehouse is 60% or 80% position when the investment manager of the account has made an extreme decision-short positions and wait for the expected drop. Recommended reading insurance weekly: increased warehouse investment over 30,000,000,004 months insurance funded deposits moved near billions of cast even insurance May then case Waterloo income differentiation country life cast even insurance success escape top 5 name foreign executives joined China peace Qian May Beijing insurance intermediary was penalty million history with shares mass insurance holding 20% Qiming: shocks city in the how mining Daniel unit tumbled as scheduled and to, country life selected value account is not injury a root vellus, to this year yilai 6.15% of income ranked over over enterprising type account of the second place at Palace examinations bit, after Taikang actively growth account. Empty warehouse Kunihisa dare to completely empty warehouse, is a realm. Kunihisa monthly return of equity investment and even dangerous in April this year showed that Guo Shouyu Feng selected value accounts hold up to 98.16% of cash assets over the same period, only 1.12% Fund. In fact, investment in this Fund as the main direction of investment and even the account, there is considerable stock-fund transfer to other use of space: public information displays, the accounts under normal market conditions, stock securities investment ratio does not exceed 95% of account net assets of the Fund, which reflects the former is not a to ensure the safety of principal as the only essential investment account. Investments in this account manager Wang Shouzhang said in a monthly report of the month, from the valuation side, the a-share market has better investment value, market risk as a whole are unlikely. In General, maintain a cautious attitude on the market of the future, accounts will be empty warehouse waiting to be adjusted. In hindsight, Wang Shouzhang, empty warehouse action is almost a perfect escape top: when at the end of February, China selected account fund positions even up to the value 88.91%, but when it came to the end of March already universe upside down, cash total more than 98%, hold the Fund less than 1.2%. During the same period, upper and lower shock index in March has 2,900 points, although in touch 3,067 per cent on April 18, but then fell steadily, until May 26 and fell to 2,736 points, compared to the peak, more than 10%. Wang Shouzhang on the market have not had time to respond to resolutely selecting a blank cartridge when owned by China's other main account is also a larger amplitude of jiancang. Among them, China Enterprise stock account at the end of March of the stock positions as high as 91.26%, but to collapse in late April had dropped to 77%; the same period, China about balancing stability account stock positions also reduced slightly by 3%. Is worth noting that, since the beginning of May a share further nosedive when, as at May 24, at the end of April 77% stock positions country life and aggressive net stock investment account does not fall back up, while the original empty cartridge slightly by 0.05%--China highlights value of the underlying reasons self-evident. During the same period, there has been no obvious jiancang China suffered with his disciples account balance growth among the most violent fall nearly 1 month of more than 5%, this year decreased by more than 13.5%; selected value account revenue exceeds the 6% over the same period of the earliest jiancang, jiancang China Enterprise stock accounts of movements slower decreased by more than 6%. Taikang buying at the end of May, further to show the power of the empty cartridge. April 18 touch 3,067 points on the Shanghai stock index fall tour that began more than a month after, when it came to close May 26 has fallen to 2,736, dropped by more than 330 points, representing a decrease of Super-10%. At this time, Tai Hong and China's relative performance pattern has begun running a reverse: as of May 25, Tai Hong Tai Hong enterprising accounts since its establishment, its trump card account is still as high as 1179%, but income has dropped-3.54% year, originally at the end of April over the same period was performance champion Taikang active growth of accounts from earnings at the end of April more than 6% becomes 1.52%. Set up early this year, has high hopes of optimal selection of Taikang growth account, the net as of May 25 fall 0.9513, Taikang owned only a no money to the customer's account. Nevertheless, optimization growth account of "Qian Jing" still let people Kiss, the account of investment team just is created has 7 years 10 times times income of Taikang enterprising type account: the account Yu November 2002 end established, in jiancang 4 months hit 10% of income rate, then NET way soared in--with has 5 years time makes NET breakthrough 5, and in then of two years in net breakthrough 10. In fact, Taikang on the movement of the a shares are not very optimistic, said in its April monthly return of equity investment and even macroeconomic concerns in addition to a certain extent: "the March data showed the US economy in a moderate fall, but fell less than expected. Investment, consumption, and import and export growth accelerated lending increase, currently no significant ease the pressure of high inflation, combined with the trend of inflation and the Central Bank's stance in the near future, is expected to tighten monetary policy difficult to relax in the short term, high CPI rising raw materials costs and interest rates as a result of rising financing costs as a result of making short term class downward pressure on corporate profits. Comprehensive judgment macro-economic impact on the stock market stabilized, but did not rule out a late decline in corporate profits on the stock market forming small perturbations. "However, in the stock market turbulence taste taste up to Taikang life insurance, as China does not suffice as completely let go, but a thrilling and eclectic road. In April, Taikang its actively maintain account equity positions on the high levels of growth, but its internal structural adjustment, on the early gains of large high-speed, delivery class units for profits, while overweight the appliances industry leading quality stocks in the stock, and consumer industries. Brunt was decreasing, is CSR (601,766, unit). Public information displays, Taikang investment and even holds a high share in the first quarter of CSR more than 20 million shares, and CSR until mid-February this year has continued since last September, the up market, if 210th for the watershed, this year the unit interval surging more than 13%. After February 10 CSR immediately shock down, since the end of February to more than 20%. Shanghai finance meeting statistics, at the end of a quarter of the year, Taikang investment and even the related account still appears in the 50 top ten in the circulating shareholders in listed companies, is the insurance of investment and even the highest number of accounts appear, but when at the end of 2010 than 60 have been significantly reduced. For expected market adjustments, selection of Taikang not stand idly by but hit bottom-feeders. In May, Taikang active growth account interest type of asset positions still maintain a high level, through the reduction of the early gains a larger, relatively expensive stocks reduced valuations in downside risks, shocks, one select to increase its stake in a cyclical industry, consumer industry ignored by the market in the early units, and where in particular concerns of small and medium-sized market after stocks fell jiancang opportunities. New shares aspects, Taikang related cast even account this year yilai participation hundred run shares (002568, unit 's), and South water works (601,199, unit 's), and gold new agricultural (002548, unit 's), and large wisdom (601,519, unit 's), and Broadway alloy (601,137, unit 's), 5 only new shares purchase, more last year over substantially reduced, but as May 27, above 5 only stock are has fell below issue price.