The investment era of rebirth

"Okay!" Li Meng had no objection to this.

People like Liu Yuan, Zhao Lijun, Zhang Guobing, and Zhu Tianyang are indeed key members of the trading team trained by the company. Nowadays, the company's asset management scale is rapidly expanding, and these people already have experience in large-fund operations. At this time,

It's time to push these people out and stand alone.

Also, at this time, the company actually has no other choice but to use these people.

While the two were talking, the market reopened.

I saw that after the Shanghai Stock Index fluctuated around the 2650 point for almost a week, it began to invest in the two main investment lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road'

, led by the main theme of concepts such as 'reform and reorganization of central and state-owned enterprises', it broke through the early shock platform and continued to set new highs for the year.

When the overall market investment atmosphere and emotional atmosphere are good.

After a brief discussion with Li Meng, Su Yu announced the personnel adjustments and new job appointments to several trading groups in the fund trading department in the afternoon.

Liu Yuan, Zhang Guobing, Zhao Lijun, Zhu Tianyang and several others.

When I heard that I had been appointed as the fund manager, and that I would jointly manage the main fund products of the 'Yu Hang Series' with Su Yu and Li Meng, I was more or less excited except for the unexpected.

After all, the influence of the ‘Yuhang Series’ fund products in the industry is extraordinary.

Although they were promoted and appointed, their fund manager positions are behind Su Yu and Li Meng, and they jointly manage the fund, but being able to take charge of such a 'star fund product' will also be of great significance to their future career development paths.

deeply affected.

After the job appointment is completed.

The 'Yuhang No. 4' fund product, which has just completed fundraising, has also begun to enter closed operation.

At the same time, the trading team of the ‘Yuhang No. 4’ fund product also began to be quickly formed.

According to Su Yu's plan, this 30 billion main fund product is equipped with a total of 5 trading teams. The leader of the trading team is a former trading team member of the 'Yuhang No. 1' fund, and its traders are basically

Half of the employees were transferred from the first three main fund products, plus some qualified traders trained in the company's trader training class.

The next day after the team was formed.

After the market opened, preliminary positions were opened for the 'Yuhang No. 4' fund product under the leadership of Zhang Guobing, the trading fund manager.

Follow Su Yu’s macro strategy guidance.

The main direction of building positions of the ‘Yuhang No. 4’ fund is no longer the two core lines of ‘infrastructure’ and ‘military industry’.

It will be the main line sector of "big finance" under the "bull market expectation".

"Mr. Su, do you have any instructions for opening positions in the 'financial' direction?" Zhang Guobing asked in the main fund trading room, "How should we set the priority of individual stocks."

Su Yu smiled and asked, "What do you think?"

Zhang Guobing thought for a while and responded: "If the entire 'big finance' direction is based on 'bull market expectations' as the investment logic, then the priority of 'securities' must be the highest.

After all, whether it is the surge in the balance of market financing or the surge in transaction volume.

And countless potential investor groups outside the market are rushing to enter the market.

These increments can bring actual performance to securities companies, and they can also cause securities companies to experience surges in performance.

Moreover, within the domestic asset management industry, the proportion of securities proprietary business is not low.

The market continues to be hot and the index continues to move forward. This part of the securities company's proprietary business can also bring huge profits to the company.

In addition, the market has been depressed for several years.

The valuation of the entire 'big financial' sector has been severely suppressed by the market, and everyone's expectations are extremely low.

This has led to an improvement in the market conditions, and with the "bull market expectations" getting stronger and stronger, the "securities" sector's expected difference and flexibility have become the strongest sector in the entire "big financial" sector.

Of course, if the "bull market expectations" become more and more intense, the market can really form a bull market.

Banking and insurance, the two major financial sectors, are also important sectors for direct income. Even the current hot "Internet finance" sector will have its investment logic deepened, and market expectations will continue to rise.

So, my suggestion is.

Securities first, then the 'Internet finance' sector, then reinsurance, then banks... it may be better to lay out the business in this order and priority.

It’s the specific direction…”

Zhang Guobing paused and continued: "The specific target will account for the weight of the total position. I don't have a specific plan in mind yet. I hope Mr. Su can provide guidance."

Su Yu responded with a smile: "With a capital volume of tens of billions, if we want to operate such a large fund, the first thing we need to pay attention to, in addition to expectations and investment logic, is the liquidity of the market, sufficient liquidity

, can save us from many detours, and is also a safety insurance that allows us to respond immediately when dealing with extreme market conditions.

Therefore, at this time, our first priority is to build a position.

It is necessary to consider comprehensive liquidity.

The investment priority of 'securities' is correct. In the entire securities sector, the position weight can be sorted according to the liquidity of the corresponding stocks.

For high liquidity, the position weight can be increased accordingly.

If liquidity is low, the position weight cannot be too high.

After all, sometimes it’s easy to get in but hard to get out!

As for the ‘Internet Finance’ sector, the corresponding operating logic is the same.”

"Well, then I understand!" Zhang Guobing nodded when he heard Su Yu's words, already knowing what he was saying.

Regarding the layout of the field of ‘big finance’…

In fact, the fundamental changes of many individual stocks are similar and there is not much difference. In this way, it is much simpler to determine the position weight according to the order of liquidity.

And according to the order of liquidity, in the entire securities sector.

Naturally, the stocks of first-class securities companies such as 'Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities' have become the first position building targets of the 'Yuhang No. 4' fund.

After straightening out the ideas and logic of building a position.

At 10 o'clock in the morning, as the Shanghai Stock Index continued to make breakthroughs in upward volume, the "Yuhang No. 4" fund product began to invest funds into the market.

And when the ‘Yuhang No. 4’ fund has fully invested funds to build a position.

At 10:10, the entire securities sector of the market began to move significantly higher.

The stocks of major securities firms such as Huaxin Securities, Huatong Securities, Huashang Securities, and Huatai Securities have frequently received large orders totaling tens of thousands of buyers.

Of course, at the same time.

On the market of other securities stocks, there are also frequent attacks by large funds, snapping up chips at relatively low prices.

The entire "Yuhang No. 4" fund product has a total volume of 30 billion.

Su Yu's guidance to Zhang Guobing did not specify how much capital he could only invest, nor how many positions he needed to establish within a certain period of time.

This gave Zhang Guobing sufficient autonomy in building positions, allowing him to fully exert himself.

At 10:20, under the continuous attack of main funds, the securities sector has been in the forefront of the market industry sector gainers list today after experiencing several downturns.

And as the market trading time goes by, the increase trend of its sector index becomes steeper and steeper.

The amount of large net inflows of funds is also getting higher and higher.

At 10:25, the 'Securities' sector rose by more than 2%. Among them, the stocks of large brokerage institutions with a market value of more than 50 billion, such as 'Huaxin Securities, Huashang Securities, Huatai Securities, and Huatong Securities', rose by more than 3%.

This shows that today's securities sector has moved away from the passive rise of small-cap securities stocks leading to large-cap securities stocks, and has transformed into a passive rise of large-cap securities stocks leading small-cap securities stocks.

And this... also shows that there are main funds that are actually building positions and intend to hold them in the medium and long term.

After all, for real short- and medium-term speculation, tickets with a small circulation have far more flexibility than tickets with a large circulation, and it is easier to control the market.

When the securities sector rises by more than 2%.

From passively following the rise of the market index to actively leading the rise of the index.

The entire market, countless investors on and off the market, as well as countless fund managers of asset management institutions in the industry, began to focus on the 'securities' sector.

"When the securities move, the market index will probably pull back again, right?" someone lamented.

When the majority of investors in the market still judge the market to rebound rather than reverse, the securities sector is a sector with no investment value for everyone, and it is the market's "dirty stick"

Yes, after all, the overall volume of this sector is very large, and the circulation market is also very large. To pull such a market, a very large amount of funds is required, and when the securities sector begins to siphon off the active funds in the market.

Then, it will naturally cause other active sectors in the market to lose blood instantly, and finally form a market acceptance problem.

This is also usual...

The reason why when securities move, the market trend goes bad.

This is also the reason why many holding investors in the market hate the changes in the "securities" sector that suck up active funds in the market.

All in all, when the "bull market expectations" and "bull market confidence" have not been fully established, it is difficult for this sector to gather a sustained profit-making effect. As a result, it is not very popular and continues to pay attention to the market investor group, and it is also difficult to absorb

Continuous active funds and large capital entry.

Of course, these factors...

For the 'Yuhang No. 4' fund, which is in the initial stage of building a position at this moment, it is not important at all.

On the contrary, for the ‘Yuhang No. 4’ fund.

Zhang Guobing wishes that the securities sector could continue to be looked down upon by the majority of investors in the market, and would hover and fluctuate at this relative bottom position for some time.

After all, only in this way can he have enough time to fill his position.

"Anyway, before the Shanghai Stock Index breaks through 3,000 points, the securities sector is not worth seeing at all."

"I have lost money in the securities sector several times. There is no market continuity in this sector. The last time the Shanghai Stock Exchange Index exceeded 2,500 points, the securities sector surged for a day. As a result...just when everyone thought that the bull market was coming, the securities sector would have

During the sustained market trend, I didn’t expect that this sector would fall back quickly.”

"'Big Finance' is the ballast stone of the market, and it is impossible for it to skyrocket."

"It's safe to sit on the two core lines of 'infrastructure' and 'military industry'. Following Mr. Su's core positions, we can outperform the market and the market no matter what securities or big finance. If the bull market doesn't come, where will it be?"

What’s the market trend? At this time...even if there are funds to do it, it’s mostly gambling, and there is no basis for the birth of a sustainable market.”

"Indeed, at this stage, we cannot be too optimistic about the securities sector."

"At this time, even if the securities sector can rise, it will probably only follow the index to make up for the rise."

"Hey, maybe it rose in the morning and fell in the afternoon. Several times in the past, when the securities sector changed, banks and insurance followed. Today, even banks and insurance didn't follow. The market will definitely not continue."

"I agree, securities are simply a sector of little value at the moment."

"I don't know if it's the stupid funds that are trying to pull up the securities? At this time, it's a damn thing that the securities can be pulled up."

"The key is to pull stocks. It's still a big brokerage stock. I'm surprised. With tens of billions of money to pull large-cap stocks, it's used on some small concept leading stocks. Wouldn't the index skyrocket and break through soon? If you want the market to be good, it's best to

The most important thing is that the market investment sentiment must be good!”

"That makes sense. Sometimes I think big money...is actually not very smart."

"In big funds, the level of various traders is also uneven. Not all of them are like Mr. Su from the 'Yuhang system'."

"It's natural. If all of them are from the 'Yuhang system', Mr. Su, that's fine."

"If all these institutional traders were Mr. Su, then we people... wouldn't have to speculate in stocks. Buying funds would be the real thing."

While everyone is continuing to discuss and are looking down on the securities sector...

at the same time.

Magic City, inside Zexi Investment Company, in the main fund trading room.

Trading team leader Zhou Kan stared at the changes in the two markets, his eyes fixed on the rising securities sector index. After pondering for a while, he couldn't help but ask Xu Xiang on the side: "Boss, do you feel...'Securities' today?"

The changes in the sector seem to be obviously different after following it a few times!"

"What's the difference?" Xu Xiang asked with a smile.

Zhou Kan thought for a while and responded: "The funds entering this sector do not give priority to the stocks of small-cap securities firms, but focus on large-cap stocks such as 'Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities'.

It is very strange that in the entire sector, the stocks of large-cap securities companies have a better upward trend than the stocks of small-cap securities companies, and the market funds are also more active. This is very strange.

Moreover, when securities siphon funds.

It is even more strange that the banking and insurance sectors, which have always been linked to the securities sector, have not moved significantly, and even if they have moved, they have passively fluctuated with the index.

It seems that...the funds entering the securities sector have no intention of really driving the main line of 'big finance'!"

(End of chapter)