一百七十亿疯狂！ 这类投资已完全炒掉了顶级基金经理，他们全都投篮了！ 这里有很大的机会吗？ _东方财富网

原标题：170亿疯了！ 这类投资是完全受欢迎的，傅鹏博，谢志宇，刘格松，朱绍兴等顶级基金经理全都投了！ 这里有很大的机会吗？

概括

[Crazysmashed17billion!Thistypeofinvestmenthascompletelyfiredthetop-tierfundmanagersandtheyhaveallshot!Isthebigopportunityhere?】SincetheSpringFestivaltheA-sharemarkethasintensifiedvolatilityandfixed-incomeprojectshaveonceagainbecomesweetanddeliciousInthefirstquarterofthisyearatotalof55fundcompaniesparticipatedinfixed-increasingprojectsoflistedcompanieswithacumulativeinvestmentofover173billionyuanwhichwas12timesthatofthesameperiodlastyearSomestarfundmanagershavealsomadelargesumsofmoneyinanattempttoincreasethemarketbyrushingforgold(ChinaFundNews)

Since the Spring Festival, the A-share market has intensified volatility, and fixed-income projects have once again become a sweet pastry.There were 55 in the first quarter of this yearfund companyParticipating in fixed-increasing projects of listed companies, with a total investment of over 17.3 billion yuan, 12 times that of the same period last year.Some starsfundManagers have also made large sums of money in an attempt to increase the market by rushing for gold. Many people in the industry said that in the current market environment, if you cannot find a suitable investment target during the position opening period, it is a good way to participate in the fixed increase. In addition, participating in high-quality fixed-increasing projects will become an important way to obtain excess returns this year.

　　In the first quarter, 55 fund companies participated in the fixed increase of over 17.3 billion

The data shows thatAdditional issuanceAccumulative allocated investment funds are calculated based on the caliber. In the first quarter of this year, a total of 55 fund companies participated in listed companies’ fixed-increasing projects, with a cumulative investment of over 17.3 billion yuan, accounting for 16% of the total fixed-increasing fundraising of listed companies during the same period.

Since this year, Li Xiaoxing, Liu Gesong, Zhu Shaoxing, Xie Zhiyu, Fu Pengbo, Chen Hao, Feng Bo and other tens of billions of fund managers have participated in the fixed increase of listed companies.

ToJin Jiang HotelFor example, Xingquan Heyi Mix, managed by Xie Zhiyu, was allocated 21.082.1 million shares, with an allocation amount of 940 million yuan. Another fund under his management, Xingquan Herun Hybrid, was allocated 15,840,800 shares, and the allocated amount was 706 million yuan.Another tens of billions fund manager Wang Pei managed the Sino-European industry growth mix, and the Sino-European Qihang three-year holding period mix also participated.Jin Jiang HotelThe fixed increase of the company was allocated 2,114,800 shares and 1,121,100 shares respectively.

In addition,Sanqi Mutual EntertainmentThe fixed increase has also been favored by bigwigs. Chen Guangming’s Ruiyuan Fund was allocated 25,288,400 shares, and the allocated amount was 702 million yuan. In addition,Bank of Communications Schroder Fund、China Europe Fund、China Asset ManagementAlso participated in this fixed increase and wonAllotmentThe numbers were 20,525,700 shares, 597.77 million shares, and 7.274 million shares.Building waterproof leading stockOriental YuhongA list of nearly 8 billion yuan of fixed-increased allocations was also released, of which Ruiyuan Fund was allocated 6.59 million shares, and the allocated amount was 300 million yuan.

According to the Shanghai Securities Fund Evaluation Research Center FundAnalystLi Keke introduced that fund managers generally participate in fixed increase for these reasons: First, fund managers who practice value investment think that the long-term value of the enterprise can be expected, and it is a good way to participate in investment through fixed increase at a discount. Second, some funds that adopt the “fixed income +” strategy use fixed increase as an auxiliary means to obtain relatively safe excess returns.

“In February last year, the New Refinancing Policy relaxed the pricing and lock-in period requirements for listed companies’ private placement, which improved the price-performance ratio of fixed bids, which greatly attracted the attention of professional investors. The fixed growth market was hot in the first quarter of this year, with 86 listed companies’ private placements. Compared with the 38 companies in the same period last year, the number has doubled, providing more investment targets for the fund to participate in fixed-increasing projects.” Li Keke mentioned.

　　Debon FundSun Bowei, executive general manager of the special account business department, told reporters that in the current market,Fixed investment, Fund manager fixed increase is a better way to participate in the market. The most direct benefit of fixed increase is to cash in income. If the fund already holds fixed growth stocks, it can be sold through the secondary market and participate in fixed growth at the same time, directly locking in 10-20% of the return. In addition, good fixed-increasing projects have a certain degree of exclusivity, and if they can participate, they can repay investors well.

A Shanghai equity product fund manager also said that compared with the past two years, this year’s investment has become more difficult. The reason why there are more participation in fixed increase is because: First, when the fund participates in fixed increase, it will get a certain discount. The secondary market is cheaper. Second, when the fund participates in the fixed increase, it can buy a large amount at one time, such as some tens of billions of funds. If the fund company buys it on the secondary market, it will cause stock price fluctuations and increase costs. In the selection of the target, he mentioned that because the fixed increase target needs to be locked for at least half a year, he likes to choose a company that has more growth and has a larger development space, and it cannot be profitable in the short term.

　　Three-pronged public offering strictly selects the bid increase

The data shows that among the 86 fixed-increasing projects implemented this year, 79 projects are issued at a discount, with an average discount rate of 24.87%. Compared with 38 companies in the same period last year, the average discount rate was 19.36% increased. From the perspective of investment direction, the fund currently participates in fixed-increasing projects, mainly in the pharmaceutical, procyclical, military and other sectors.

The fixed-income market is hot this year, and fund companies will have higher requirements for project selection. Li Keke, a fund analyst at the Shanghai Securities Fund Evaluation and Research Center, told reporters that the fund manager’s investment in fixed-increasing projects is the result of his own stock selection logic screening. Generally speaking, fund managers should meet the investment scope and investment standards on the basis of “good The three-pronged approach of “race track, good company, and good price” judges the investment value of listed companies.

Sun Bowei, executive general manager of the Debon Fund Account Business Department, revealed to reporters that fund managers will be relatively careful about fixed-increasing projects in the high-valuation sector. A fluctuating market price may be lower than the fixed-increasing price. Everyone now prefers fixed-increasing projects in pro-cyclical and value sectors.

A fixed increase in ShanghaiNew crotchThe deputy director of the strategy department said that four points will be considered in the selection of fixed-added titles. First, the industry has a large enough space. Second, the company has relatively strong barriers to competition. Third, the short-term growth in one or two years will be more obvious. Fourth, the valuation is relatively reasonable, especially after the discount.

(Source: China Fund News)

(Editor in charge: DF506)