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A look at changes in fund share quarterly funds will be disclosed “total end fund share” data. Fund size too large or too small, the Fund’s investment portfolio flows, investment style, such as difficulty investment will adversely affect the existence, 10 billion yuan more than the “aircraft carrier”, or around 200 million yuan of “micro-fund”, are worthy of our vigilance. Meanwhile, we should also pay attention to “fund share changes.” Large-scale purchase and redemption of fund managers would certainly due to the pressure of capital adjustment fund positions, the impact of investment returns.

Two positions can change Fund Fund Fund Quarterly Bulletin should also pay attention to changes in the positions. Because fund positions change reflects the fund managers trading for the next quarter of view. Generally, the more serious the fund positions or derivatives rate is, the more mean fund managers on short-term rates very optimistic.

We need to be aware that if the fund held positions than the same type of funds from many positions, the fund managers to be alert to the investment style too “maverick” If exposure significantly higher than other types of funds with a lot of exposure that this fund is in the high-risk high-yield win.

Looking at three fund portfolio funds which will disclose quarterly “Ten Awkwardness breakdown”, which is also inspected fund investment style and stock based on the important ideas.

Furthermore, can be viewed on the “continuity of shareholding.” If Awkwardness 10 are new faces every quarter, the Fund transferred positions more frequently, the fund managers are relatively short-term operation preferences.

Of course, the need to be reminded that the Fund’s quarterly reading not just look at the disclosure of the data, after all, the quarterly data only as of the last quarter of the last day, notice time and time investment portfolio already exist for 20 days around the time difference. In 20 days, perhaps as early as fund managers have “surreptitious.”