2004年4月6日开始,股票市场走出一轮较深幅度的下跌行情,截至6月25日,上证综指跌幅27.45％,深成指跌幅28.32％,自2003年11月初以来历时半年36％的最高涨幅,近3个月来几乎已跌幅殆尽。在本轮调整行情中,基金作为市场中重要的机构投资者表现如何? 其后市动向又有哪些值得我们关注? 基金的投资理念有无改变?本文试图挖掘出对普通投资者有价值的信息,以期为投资者未来决策的提供参考。 Starting from April 6, 2004, the stock market stepped out of a deeper decline. As of June 25, the Shanghai Composite Index lost 27.45% of the total, and Shenzhen Component Index recorded a decrease of 28.32% from 36% for a half year since the beginning of November 2003. The highest increase, almost almost three months has been depleted. In this round of adjustment of the market, the fund as an important institutional investors in the market performance? Then the market trends and what is worth our attention? Whether the fund’s investment philosophy has changed? This article attempts to dig out for ordinary investors valuable information, With a view to providing reference for investors in the future decision-making.