radical increase in the share data as evidence. Statistics based on wind information, as of February 2, silver of Huaxin Li’s latest share of about 1.393 billion, more than 929 million copies at the end of 2011, an increase of 464 million, an increase of 50%; Reliance 500 in card 500B of the latest share, compared with 384 million copies, compared to 134 million at the end of 2011, an increase of 250 million, the rate of increase of 186.6%.makes part of the classification of the Fund’s overall premium
“(a large number of purchase) because the market rally even more than 5% maximum, which means that investors may purchase the hierarchical Fund Mother Fund, and then split into the A / B sub- Fund, then the sub-fund on the secondary market to sell in order to obtain the difference between the income. “a fund manager said yesterday that, in general, if more than 1% of the premium institutions can arbitrage.According to statistics, in January of this year, Bank of Huaxin Li net up 22.79%.
the highest increase of 45.68%
so-called leveraged funds, refers to the classification of funds is relatively radical share. Under normal circumstances, the classification of fund of funds in proportion divided into two parts, the radical share paid to the steady share of the “interest” financing to buy stocks, so bear higher risk but also enjoy higher returns.
information yesterday, the Shanghai Composite Index rose 44.48 points, or 1.96 percent, while Prudential 500B transaction prices rose by 0.038 yuan, or 6.52 percent, silver Huaxin Li ranked second, their trading prices rose by 0.038 yuan or 6.3%. Other leveraged share-based secondary market trading price yesterday rose higher than the Shanghai index, such as the SWS aggressive or 0.03 yuan, or 5.58 percent, with Rui B rose by 0.051 yuan, or 4.64 percent, Yinhua Rui Jin or 0.031 or 3.67 percent, dual Jubilee B, or 0.027 yuan, or 3.03 percent.
Analysts pointed out that because of the leverage radical share the classification fund its net growth rate of rise in the market often rose sharply, so often sought after by investors, making the secondary market trading price rose sharply . The data show that in January this year due to the rebound of the market, the radical part of the classification fund share continuous record records of the daily limit, such as silver Huaxin Li, Prudential 500B. In net, January 9, Shen Ling letter deep into the aggressive net increase of up to 17.4888% in the day, silver of Huaxin Li Prudential 500B that day net increase of 14.3695% and 11.1111%, exceeding 10%.
Overall, the Shanghai Composite Index since the rebound after record low in January 9, ending within 15 trading days of February 2, the highest increase of leveraged share-based secondary market is more than 40%. The data show that the silver Huaxin Li or 45.68%, the Prudential 500B or 22.73%, and Shen Wan ahead or 26.5%.
institutions active arbitrage
worth mentioning is that the leveraged share-based popular venue share the rapid growth. Currently, the domestic graded Fund both in the primary market for subscription and redemption can also be publicly traded in the secondary market, two market spreads, investors can be converted in the two markets, the use of spread arbitrage.based on wind information data, as of February 2, SW enterprising and up-to-date share of 1.253 billion copies, silver the Huaxin Li’s latest share 1.393 billion, the Prudential 500B share of 384 million, its share in varying degrees to increase over the end of last year. Share increase in the largest Prudential 500B reach 186%.
At the same time, the Post reporter learned from a number of fund companies, the classification shares a large number of purchase in January, making a fund-grading scale expansion doubled, and the purchase includes a large number of institutions investors. One fund manager yesterday to close at the Post reporter: “a large number of purchase mainly from early January, after the Spring Festival the graded Fund I. The relatively light.”
the fund managers grading Fund for a large number of I. The main is that the classification fund arbitrage possible. For example, from January 9, Prudential 500B of the overall premium for several days more than 5%, which means that if investors purchase Prudential in 500 grading Fund, and then split into the Prudential 500A and Prudential 500B, in the two level market to sell, without regard to the purchase and other related costs, investors can earn 5% of the proceeds.
This also explains the closed-end funds trading Down on the Shenzhen Stock Exchange announced since January, seats more than a number of agencies in the grading Fund to sell the list of organizations. Institutions sell, but the share remained at the venue, so the scale has not been reduced. “
transaction data disclosed by the Shenzhen Stock Exchange yesterday, February 2, leveraged share-based Bank of Huaxin Rui and silver Huaxin Li on turnover of more than 20 percent, have boarded the closed-end funds trading Down. Among them, the list of silver Huaxin Rui trading seats several times body seats figure. Buy the amount of the largest front five business department or trading unit, a body seats to buy 51 million, and sold the largest amount of the list, for a total of three bodies seats, sell the amount of 235 million yuan, 849,800 yuan and 719,700 yuan.
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