此次市场深度调整中,QFII(合格的境外机构投资者)与国内一些投资者不同步的投资行为受到各方关注。尽管一些评论者对QFII在国内市场的表现颇不以为然,但仔细比较一年多来QFII与国内投资者的表现,特别是去年年底至今的较量,我们不能不承认国内投资者在这场较量中“稍逊一筹”。 回顾QFII在国内市场的投资过程可知,其在进入市场以前,除“庄股”外,深沪两市的流通市值在20多亿元以上的大盘股基本无人问津,原因很简单,即“炒不动”。随着去年7月第一批QFII入市,市场开始津津乐道和追随“五朵金花”和“大盘股”“蓝筹股”,这无疑与QFII的“价值投 The depth of market adjustment, QFII (qualified foreign institutional investors) and some domestic investors are not synchronized investment behavior by all parties concerned. Although some commentators disagreed with QFII’s performance in the domestic market, a careful comparison of QFII’s performance with domestic investors in more than a year, especially from the end of last year to the present, we can not but admit that domestic investors are “ Less good. ” Recalling QFII investment process in the domestic market shows that before its entry into the market, in addition to “Zhuanggu” outside the market capitalization of more than 20 billion yuan in Shenzhen and Shanghai basically no one interested in buying, the reason is very simple, that is “ FIXED. ” With the first batch of QFIIs entering the market in July last year, the market began to relish and follow the “blue-chip stocks” of “Five Golden Flowers” and “Large Caps”. This is undoubtedly in line with QFII’s "Value Investment