Nearly 90% of private equity in favor of holding stocks is expected to increase market risk appetite

Nearly 90% of private equity in favor of holding stocks is expected to increase market risk appetite
For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!  Source: Securities Daily News reporter Wang Ning. When the long vacation is coming, investors are most concerned about how to optimize asset allocation. Holding stocks or holding coins has become the focus of attention.”Securities Daily” reporter recently learned that according to the latest survey data released by the private placement ranking network, nearly 90% of private equity in favor of the holiday, and only more than 10% of private equity in favor of the holiday.  Most private equity people said that during the Spring Festival holiday, it is expected that factors such as the bottom of the macro economy and loose liquidity will lead to an increase in market risk value, and investment opportunities will be ushered in the holiday season.Another private equity person said that the lifting of the lifting of the ban pressure, the lack of continuous capital inflows in the market, coupled with factors such as high valuations of large growth-value listed companies, will become potential market risks, and investors are advised to hold the currency in the most appropriate manner.  Most private equity chooses to hold a holiday. Securities Daily reporters learned that most private equity chooses to hold a holiday. The core logic is to expect good fundamentals, especially the improvement of macroeconomic data and the favorable support of policies.  Zhiwei Investment’s chief strategist Liu Wei (Jin Qilin analyst) said that the index is more optimistic about the repairability of the index in the first quarter and will choose to hold stocks. The core logic is that the macroeconomic expectations are optimistic.”In the past two months, the economic data has highlighted the 武汉夜生活网 improvement expectations, and in the macro and meso data, we have shown that the current economic stabilization signals are significant, and the policy of alternating counter-cyclical policies has been promoted.The lowest value and the gradual reduction of pressure are good for the current monetary policy. Affected by the early policy reduction, the current liquidity is still loose.Investment opportunities in the late market are mainly structural opportunities, and the theme of technological growth is still the main thread.Over time, especially in the annual report, one after another, the differentiation of each sector will be very significant, and individual stocks without performance support need to be alert to risks.  Zhengdao Xingda Investment Fund Manager Han Mingyou believes that in January, the RRR cut, economic data bottomed out and other factors, supporting the broader 深圳桑拿网 market to continue the growth trend since early December last year.As an institutional investor, it will choose to hold shares for the holidays, will not choose to hold currencies for the holidays, choose a long-term holding of a good investment target, and bring good returns.In the next stage, the broad market index will continue to rebound, and the plates will form a round of rotation. The stagnant ones in the previous period will make up for them. After a short period of adjustment, the strong segments with performance growth will gradually realize the situation of strong and strong; 2020 China stock marketMany attractions are coming soon.  Yuan Cheng Capital Investment Director Chen Chengjie judged from the perspective of liquidity that the short term will be optimistic.He said that in the first ten trading days of this year, the net inflow of northbound funds was nearly $ 50 billion, and the average daily net inflow was about $ 5 billion, reflecting that foreign exchange is more optimistic about the trend of A shares.At the same time, the fundraising scale of the fund has a good momentum of growth. The number of newly established funds and the amount of funds raised in December last year reached a new high of nearly two years. Among them, partial equity funds raised about $ 80 billion.The average scale has been significantly increased, and the off-site funds have made significant gains.  The current P / B ratio of the CSI 300 is about 1.4 times, both absolute estimates and estimated percentiles are in the range, but the individual stock structure within the index is not balanced.Source Capital believes that it is estimated that the return to equilibrium is likely to penetrate, and the market will rotate after the holiday. Underestimating the stock may increase better.  The key to the liquidity of funds is the view of some private equity investors, whether the A-share index can continue to be strong before and after the Spring Festival, the key lies in the coordination of funds.Generally speaking, private equity’s views on the liquidity of funds in the later period still cause divergence.  Yiyi Assets believes that the current reasonable bias is to maintain low and medium positions.First of all, the market lacks continuous capital inflows in the short term, and the improvement of sector rotation is accelerating.In fact, the large growth-capital companies that lead to the market are estimated to be relatively high and take time to digest. The current market lacks many opportunities for underestimation and continued growth.Third, the pressure to lift the ban in January this year reached the expected level in the bull market in June 2015. There was about 700 billion yuan in lifting the ban in a single month. In the absence of incremental funds in the market, the structural pressure on the market was obvious.  Yizheng Asset said that the A-share market may be adjusted downward in the short term, but a new high is expected after the Spring Festival, which may be an important time window for the market to fold downward in the medium term.Considering the capital stock game and the excessive increase in some sectors, the probability of sector rotation is expected to increase.  Xingshi Investment Deputy General Manager and Chief Research Officer Lei believes that, from the interpretation of the spring turmoil to the present, investors may be more concerned about whether it will continue or how long it will last, which mainly depends on two aspects: First, whether there can be sufficient capitalThere are enough good stocks to doubt the choice.From the perspective of funds, a large amount of potential funds are expected to continue to flow into A shares in the future, including the equity asset allocation needs of domestic financial institutions, foreign exchange, household savings, and real estate spillover funds.Second, there are still many good targets in the market.Although the overall market growth rate in 2019 is large, there are still many leading industries in the segmentation industry whose fundamentals have continued to improve. It is estimated that they are still in the bottom area. As long as in-depth research is conducted, many “good stocks” can still be found.  Xingshi Investment said it will continue to focus on growth stocks.From an industry perspective, technological upgrading is accelerating, and the concentration of the consumer industry continues to rise.From a macro perspective, the loose monetary environment + industrial upgrading will effectively promote the long-term bull market of growth stocks, focusing on the 5G industry chain, new energy vehicles, pharmaceuticals and other industries.