I am a pioneer on the analysis of investment growth

 I am a pioneer on the analysis of investment growth
recently heard many voices of doubt on the growth of pioneer, I want personal analysis of the fund to share with you.
I am very optimistic about the growth of a pioneer, the first is based on the Investment trust companies, if China is the advantage and Alpha's most eye-catching stars in 2006 funds, then the growth will be on the vanguard of the company's third star investment fund, we believe that despite the current performance of his flat (in fact I that the current growth performance is normal, just like in the first half when the force received no alpha).
one optimistic about the growth since
Tang Jian, the manager must first say a few words in the description in the personal Tang Jian such a description
food and beverage, steel, nonferrous metal and banking industry research. context, look at the following simple data
deadline, according to quarterly disclosure of gold in gold in China 2006-06-30
advantage 110.32 million shares worth 2,079.57 million, representing 0.86%
25.00 million shares of Shandong Gold Alpha value of 7.22 million yuan, accounting for 0.41% of China advantage of 25.00 million shares, worth 7.22 million yuan, accounting for 0.3%
the first half of this year, especially March -5 April, the international price of gold soaring, the domestic price of gold last year from 130 yuan / gram climbing higher and higher, and once reached 200 yuan / g, while the positions from the Fund can be seen in China's advantage and Alpha before the arrival of this call market rally had been held by the most powerful two gold stocks. And when September the United States announced that large reserves of oil in the Gulf of Mexico, the international gold prices subsequently fell, domestic prices would reach the lowest 145 yuan / gram, from the closing of the fund holdings 2006-09-30 point of view on the investment of the two Fund have all been out of the net.
say bank stocks, as of 2006-09-30
advantage of 1,900.00 million shares of China Minsheng Bank 3.61% 2.43%
Alpha 1,000.55 million shares of China Merchants Bank, China Alpha 1,839.94 million shares of 8.26% advantage of 1,249.98 million shares of 4.38% over the same period, 6.75% Bank of Yinhua quality solid 7.4%, 4.02% interest rate on the dual holding the stock is relatively high.
2006 �� 10 month on investment and growth on the stock market began to raise
How many people know a little understanding, the reason stock index rose faster in the second half is due to the Bank of China, ICBC's A share market driving role played in this call market, the financial pull blocks, blue chip real estate is the main, China Merchants Bank and livelihood of the performance is quite good, as ICBC, BOC is 9 months after the listing, so the vote can not be found temporary holdings, from the first and second half of this year's stock market analysis, I think the vote strong ability to analyze the market, due next year to develop the securities industry and insurance companies in the A share market, so next year, financial stocks is still the mainstream. coupled with the price of gold fell sharply this year, while oil production, the weak dollar, are the gold prices of long-term good, next year there will be a great break up the concept of IT .3 G is the recent hot technology stocks, which are included in the Tang Dynasty built just within the study area, the growth next year, I have reason to believe that there will be terrific.
Second, the situation on the stock positions of
from growth since entering closed, pick out the net decline in Pioneer days of growth in China compared the advantages and Alpha, you will see this situation
12 �� 7 ��growth of Alpha -0.08% -0.58%
12 �� 6 �� Alpha n1.45% growth of China's advantages n1.03% -0.95%
11 �� 10 �� growth of China's advantages n1.63% -1.05% alpha - 1.70%
10 �� 27 �� growth of China's advantages n0.92% -0.24% -0.92%
Alpha is a very interesting phenomenon, one can see three funds basically the same with the up or down, and in particular the decline are close to China's advantage and the alpha from the previous concept of the gold stocks, banking stocks holding situation, I guess, this three overlapping set of stock funds, but the proportion of different sizes.
III
of investor protection on the recent growth of doing the best I think that is a decision to suspend purchase, the Fund of the plate so the Assembly gains, growth in the closure of less than 20 days to suspend the purchase, thereby leading to further support the market to protect the interests of investors. and the protection and growth are similar to measures in the interests of investors and the Alpha is the advantage of high net worth, high net worth it is because good control of the disk.
Tang Jian, an analysis on the investment capacity and investor protection measures are growing my vote of confidence on which such a company, such a manager is not disappointing.