After Liu Yuan's report, Zhu Tianyang also hurriedly responded: "Our 'Yuhang No. 2' fund position has almost been reduced to about 60%, among them, there has been obvious disk pressure and upward pressure on the 'big infrastructure' main line of stocks, and we have also completed the operation of reducing positions."

It's just that for the 'big infrastructure' field, in the market, it is still continuing to refresh new highs, and the undertaking funds are still strongly pushing upwards to open up the core stocks that have opened up new upside.

We still maintain a firm holding idea and have not made any actions to reduce our positions. ”

"Good!" Su Yu responded, turned his gaze to Zhao Lijun and Wang Can, who were in line with the trading operation of the 'Yuhang No. 1' fund, and asked, "What about your trading group?" ”

Zhao Lijun glanced at the background data and responded: "The progress of our trading team in reducing positions in operation is similar to that of 'Yuhang No. 2' and 'Yuhang No. 3' fund products, with low liquidity, and can no longer continue to play a new high position stocks, we have achieved position reduction, or liquidation operation, the current overall position level of the fund is about 55%, of which the position of the main investment line of 'Internet finance' occupies 18% of the position. ”

"It's all good!" Su Yu praised with a smile.

"What about the net value performance of each fund product?" After Su Yu asked about the results of the position, Li Meng asked again.

Liu Yuan responded: "In the past two weeks, although the whole main line of 'big infrastructure' and the Shanghai Index are continuing to break through, in fact, our fund is in the operation strategy of continuous position reduction and profit-taking, and the net value performance has not exceeded the trend of the corresponding core sector index of 'big infrastructure' too much, and the net profit value of our 'Yuhang No. 3' fund has increased by about 15% in the last two weeks, outperforming the Shanghai Composite Index by 6.73%. ”

"The net profit value of our 'Yuhang No. 2' fund product increased by 15.23%, and the basic gap is not large." Zhu Tianyang responded.

Zhao Lijun glanced at the background of the main control computer and said: "In general, our 'Yuhang No. 1' fund products are slightly smaller in size and relatively more concentrated, so in terms of net profit performance, it is slightly better than the 'Yuhang No. 2' and 'Yuhang No. 3' funds, and the net profit value has increased by 17.49% in the past two weeks, barely outperforming the Shanghai Index market by nearly 10 points. ”

Su Yu was still very happy when he heard this achievement.

Thanks to this period, the Shanghai Composite Index rose after breaking through 2,500 points.

Comparing the three main fund products, when the net value and holdings of constituent stocks were announced to the market not long ago.

Now the net profit value of the three main fund products has generally risen by about 30% compared with the time of announcement, and the overall asset scale of the three main fund products has reached about 65 billion.

At this time, the asset size of the 'Yuhang No. 4' fund product is calculated.

Even if you don't count the asset management scale of the main funds of the acquired 'Anzhao Fund', just counting the four main fund products of their company, they can almost touch the 100 billion mark.

"Good!" Su Yu smiled and said, "Let's keep going!" ”

"Master, since we have gradually lowered the weight of the position of the main line of 'big infrastructure', then at this time...... For the reduced positions, can we add the main line of 'big finance' that we plan to build in the future? Liu Yuan thought for a while and asked, "Or set aside cash first, and wait until the current main line of the main line of 'big infrastructure' is exhausted, and when the main line of the market is converted, then large-scale progressive increase in the direction of 'big finance'?" ”

Su Yu looked at Zhu Tianyang and Zhao Lijun, and saw that both of them had such doubts in their eyes at the moment.

After thinking about it, I couldn't help but say: "You can use the positions and funds vacated by reducing your position to gradually increase your position in the direction of 'big finance', but when buying, control the rhythm, don't buy if you rise big, buy small up and buy small, buy big without rising, buy big down and buy big down, and if there is an obvious huge pullback trend in the direction of 'big finance', then you can intervene in large-scale sweeping."

In short, in the process of adjusting the position to the main line of 'big finance'.

Don't be anxious, and don't be afraid.

What kind of opportunities there are, we will use what kind of trading strategy.

Of course, in this process, it is necessary to always maintain the position of the main fund products, within the 80% position level. ”

Su Yu pondered for a moment and continued: "At present, the main line of the market with 'big infrastructure' as the core, investment sentiment and speculation sentiment have been running in depth for a period of time in the extremely hot range, and at the same time, other main line investment areas in the market, at present, can't absorb much money.

There is also incremental funding that continues to follow up on the counter.

In the past two days, in many mainline concept marginal stocks, the selling pressure on the disk has increased significantly, and it has never been able to further refresh the rebound to new highs and annual highs.

These funds that have been followed one after another, and the willingness to chase high, seem to be weakening.

It's just that under the emotional climax, these subtle risks and market changes have been subconsciously ignored by many investors for a while.

However, market movements are always objective.

No matter how beautiful the story is, it is impossible not to have twists and turns, and it is impossible for a thick tree to grow directly to the sky at one time.

Follow-up as the market continues to evolve.

With the main line of 'big infrastructure', this sign of capital is becoming more and more obvious.

Then, I was able to resist the urge to sell and lock up a large number of short- and medium-term profit-taking funds that held chips, and I was afraid that they would pour out on a large scale and carry out the operation of reducing positions and taking profits.

In the case that the market's willingness to continue to chase higher funds has decreased significantly, and other main lines of the market cannot absorb much fresh blood, it is obvious that once the profit plate in the field of "large infrastructure" is sold in a concentrated manner, the funds undertaken below will not be able to support this selling tide.

And once the funds can't bear this kind of profit-taking selling.

The market trend of the entire market, as well as the switch of the main line market, will have a high probability of changing.

At the same time, through the traces of the current market trend, I estimate...... The time for this change should be almost coming.

So, there's no need to rush.

The Shanghai Composite Index will not break through the 3,000-point mark in one go.

In the next evolution of the market, the market must have the opportunity for a huge shock pullback, and that ...... It is the time when we increase our positions on a large scale, change the main line of investment, reposition the field of 'big finance', and vigorously switch between high and low in the main line of the market through the advantages of the amount of funds in our hands, and pull out the main investment line of 'big finance'. ”

"Well, I feel that way too." Li Mengying said, "The line of 'big infrastructure', these two weeks are basically at the top of the short-term rising platform at a rapid pace, this main line, the short-term upward space, after the market sentiment has been deduced to this situation, there should not be much."

At this time, once the Shanghai Composite Index breaks up, it encounters extremely strong resistance.

A lot of profitable funds that should be gathered on the main line of 'big infrastructure' will sell their chips and take profit. ”

"So we have to reserve at least 20% of the position liquidity to deal with the main line of 'big infrastructure' after the peak in the short and medium term, the main line of the market pullback and shock, right?" Liu Yuan's eyes turned, and he had completely understood the meaning of Su Yu's words, "Master, this 20% of the reserved liquidity is for us to use to pull the plate after the chips of the main line of 'big finance' are completed, right?" ”

Su Yu smiled slightly and said: "Almost, I'm thinking about ...... the main line of market investment in 'big infrastructure', after peaking in the short and medium term, if the market wants to switch between the high and low of the main line, if we don't deliberately guide, many main funds should still turn back to do the line of 'scientific and technological growth'."

If the market is really on the line of 'technological growth', a joint force has been formed.

That is quite unfavorable for our macro investment strategy.

Therefore, we must reserve part of the liquidity, stimulate the corresponding mainline market at key nodes in the market, and pull out the continuous money-making effect, and quickly condense the main line investment sentiment that is conducive to us. ”

"Got it!" Liu Yuan, Zhu Tianyang, Zhao Lijun, and Wang Can nodded one after another.

Subsequently, each trading group and the person in charge of fund trading began to continue to reduce positions and take profits and adjust positions of the main funds in accordance with Su Yu's strategic guidelines.

And at the same time......

As a wholly-owned acquisition of 'Yuhang Investment' company's 'Anzhao Fund' company.

In the main fund trading room, Qin Qiuyue stared at the main line plate index of the corresponding concept of 'big infrastructure', which was still refreshing new highs, as well as the related industry sector index, but her brows were slightly furrowed, her eyes were full of surprise and surprise, and at the same time there was a trace of regret.

"This market ...... It's crazy, right? Qin Qiuyue sighed with emotion and said, "It's just from one extreme to the other!" ”

They were also heavily invested in the 'big infrastructure' market.

However, since being acquired by 'Yuhang Investment', in the exchange with Su Yu, it has also been after the explosive growth of the asset management scale of several major funds of the 'Anzhao Department'.

In terms of trading strategy, they no longer continue to increase their positions in the direction of 'big infrastructure'.

At the same time, during this time.

Their main energy and focus are also on the main line of the market.

However, in the recent market trend, the trend of the main market line of 'big finance' is still far behind the performance of the market, while the main line of 'big infrastructure' continues to reach new highs.

In a word, it is the main fund products they manage.

The recent net profit performance has not outperformed the market at all, which makes Qin Qiuyue feel quite depressed.

"This is the famous emotional interpretation process of A-shares!" Zhou Hui smiled lightly, but her mood was much better than Qin Qiuyue's, "However, when such an emotional climax is reached, the short- and medium-term market trend should be about the same." ”

Qin Qiuyue glanced at Zhou Hui and said, "I remember you said the same thing last week. ”

"With such a large volume of the main market, there must be a time process for peaking in the short and medium term." Zhou Hui responded, "I still insist on my point of view, the main line of 'big infrastructure' at this time is just a feast for shareholders, and it is by no means an investment opportunity for later chasers." ”

Qin Qiuyue said: "I don't doubt this, after all, the main line of the market of 'big infrastructure', during this period of time, has risen rapidly to this stage, and it is impossible not to sell internal profits, but everyone is waiting for the market sentiment to be inadequate, and it is expected to be further full, and the high level of funds will be obviously exhausted."

It's just that......

I'm worried, why hasn't the 'big finance' line been moving?

During this period of time, the main funds in the market seem to have tried to pull the main line of 'big finance' several times, but every time the result of pulling the market, it is a chicken feather, and there are very few retail investors and main funds who follow the trend. ”

"The market's expectations in the direction of 'big finance' are obviously not enough, right?" Zhou Hui said, "There is the core main line of 'big infrastructure', the siphon effect of the active capital group in the market, it is too strong, not only the 'big finance' line is ugly, can not gather a sustained money-making effect, the whole market, other traditional investment main lines, in fact, are quite ugly, on the surface, they are basically dragged by the Shanghai Index, no initiative." ”

Qin Qiuyue bowed slightly and said, "That's it, hey...... We are still in the investment strategy of withdrawing from the line of 'big infrastructure', which is a little too early. ”

"Who would have thought that the sentiment of the line of 'big infrastructure' could ferment like this?" Zhou Hui said, "However, in the financial trading market, no one can accurately copy the bottom and escape the top again and again, we have made money on the two main lines of 'big infrastructure' and 'military industry', and have eaten the most lucrative profits, that's about it, now...... It mainly depends on how the line of 'big finance' is interpreted in the subsequent market performance. ”

"How do you think it will be?" Qin Qiuyue asked, "Will there be two main lines of 'infrastructure' and 'military industry', is there such a madness in the trend in the past six months?" ”

Zhou Hui thought for a while and responded: "I don't know, whether there can be a crazy trend of the two main lines of 'infrastructure' and 'military industry', it depends on the majority of investor groups inside and outside the market, whether there is a firm expectation of a 'big bull market', if the market expectation of the 'big bull market' can penetrate into the hearts of the majority of investors, and there can be a firm endorsement from major institutional groups and regulators, then as the pioneer sector of the bull market, I think the elasticity of the line of 'big finance' is still possible to surpass 'infrastructure'. The performance of the two main lines of the military industry in the last six months.

But...... If you want to replicate the big bull market in 06 and 07.

With the current volume of the circulation of the 'big finance' sector in the two cities, I think it is basically impossible.

Even if the turnover of the Shanghai Index is trillions in a single day, I am afraid that it will be difficult to form the grand occasion of 06 and 07, but no matter what......

As long as the 'bull market expectation' is determined, and the vast majority of investors have this expectation.

At the same time, the Shanghai Composite Index was able to break through the 3,000-point shackle strongly.

So, in the direction of 'big finance', I believe that there must be a big market, and at this point, didn't Mr. Su make it very clear? I think...... We still have to firmly believe in Mr. Su's judgment. ”