论文部分内容阅读
刚刚过去的2017年第一季度,公募基金与蓝筹股重回甜美的“蜜月期”。在A股市场IPO常态化、次新股供给增多、成长股估值泡沫回调等背景下,一方面大多数偏股型基金主动增加主板蓝筹股配置,大幅减持“中小票”;另一方面,伴随着货币基金赎回增多、债市震荡调整、市场流动性变化,增配权益类资产的大幕正徐徐拉开。
Just past the first quarter of 2017, raised funds and blue chips to return sweet “honeymoon period.” On the one hand, the majority of partial stock funds actively increased the allocation of blue chip on the main board and substantially reduced their holdings of “small and medium votes” on the other hand, while the IPO normalization in A-share market, the increase in sub-new share supply and the callback in the growth stocks’ valuation bubble; , With the increase of monetary fund redemption, the adjustment of bond market turmoil, the change of liquidity in the market and the increase of equity assets.