With the same Insurance funded defense transformation freely

Chen Tianxiang "lost" and "lost" two word in 2,700 points location Shang repeatedly switch, show market differences constantly increased, and first financial daily under in interview in the is found, insurance funds of views is is surprisingly to consistent, especially in and stock market contact most close of cast even insurance account of operation Raiders Shang, insurance funds seems to rendering out has "with into" or "with out" of posture. Time since the beginning of May, the a-share market plate wheel moving faster, make money effect is weak, volatile downward pattern is rendered as a whole. Market based on concerns about the macroeconomic situation and adjustment of policy uncertainty, more cautious market atmosphere. In terms of industry, coal, nonferrous metals, chemicals, and period unit appear fill fell, consumption such as food and beverage, pharmaceutical, biotechnology, business trade plates are slightly flat. But in late May, Hubei, Jiangxi and other rare drought aggravated investors on CPI in the second half concerns delay downlink; of the Central Bank to tighten monetary policy will continue to maintain the attitude makes liquidity expected to tighten and burgeoning official said international Board launched the pace and Renminbi-denominated some diversion of funds, and other negative factors placing greater pressure on the equity market. Recommended reading insurance weekly: protection listed 3.8 billion sold "China smell Department" assets town residents endowment insurance pilot a quarter Bank agent premium income decline 15% cast even insurance fell out of May average income-2.67% insurance professional intermediary high growth gradually into main channel Qian April foreign insurance enterprises share fell below 3% deciphered fuck disk password master main trends all these bad factors brings together together, even is has huge funds scale of insurance funds, also can't act rashly. Reporter from an insurance fund management company is the industry benchmark in recent years have learned some "action", in order to be able to see it action strategy on insurance funds in the 2,700-point location. From by understanding to of information view, in past of a months time in, the company cast even insurance of actively growth investment account, interest positions basic and Shang period flat, for early gains larger accumulation has larger risk of a unit for profit settled, in market fell process in the holdings has machinery manufacturing class, and medicine class industry of leading enterprise, while also investment Yu part main business for commercial real estate, while valuation partial low of a unit. In terms of the account fixed income positions, has slightly dropped, reducing the larger per cent convertible bonds in early for some long period of relatively long corporate bonds also made profits, lower in a short selection of thawing on the market valuation of a return of investment. Meanwhile, in the company cast even insurance sound income investment account Shang, the company of operation practices is, account fixed income of positions and early basic flat, operation Shang main holdings has income rate higher of high qualification medium-term bills, long period to 3-5 years period mainly, while, reduction has part bond type Fund, instead selected more has value, and claims debt ability strong of city cast debt, a coupons; account in interest market of operation relative cautious, positions basic and Shang period flat. In the middle of the market fell, overweight decreases, performance expectations better delivery industry stocks. At the same time more or less on the valuations of low consumption jiancang such a unit. From current situation see, economic may are is sensitive points near, on stock market of effect main depends on future economic decline of range, General two species scenario, one, second quarter remains economic decline of relay armature, downward space partial large, is currently economic on stock market effect obvious partial negative; second, second quarter economic basic close this wheel economic decline of bottom, is on stock market of effect is neutral slightly partial positive. This reporter learned, in terms of market valuations, the company's stock is currently 13 times times 2011 P/E in 2012 P/E is 11 times. For recent of account investment policy, the company revealed, in actively growth investment account Shang, for interest market, positions basic maintained currently of level does not variable, operation Shang main to structural for warehouse mainly, late holdings of main direction for early decreases larger of cycle class stock and late growth more obvious, and performance expected better of consumption class a unit, jiancang early gains larger, and but late profit does not ideal of theme sexual stock. In the fixed income market, present basic maintenance duration unchanged positions and, if continued in the late introduction of interest rates, tightening monetary policy, is in the process yields up more or less small gallon. In the interview, this reporter noted, for the next phase of market prospects, many insurance companies have expressed the views of reality. A life insurance company believes that come in the near future, is likely to remain weak in the market turmoil, mostly because of weakening economic growth kinetic energy, such as PMI index falling, inventory adjustment pressures looming; decline in corporate earnings accelerated significantly; real estate regulatory uncertainties; trends in monetary and credit growth is still in decline. Overall, the need to focus on economic and corporate earnings growth to decline risks, alert after second-quarter economic and corporate earnings exceeded expectations to decline the risk. Another large asset management company also expressed similar views, believing that after rapid decline in the market, some of the bad factors released, but will enter a notice in stages, corporate profits are still have a certain pressure, and CPI may usher in the year highs, short-term market may still be suppressed. Investment and continuous account will actively look for future species which may benefit during a rally to be overweight.