What is industry allocation, and what does sector allocation mean by fund?

First, the entire national economy is composed of different industries. In different periods of national economic development, various industries due to the macroeconomic conditions and their own conditions are different, will inevitably show a different development trend, this unbalanced development trend makes the various industries in the current period and the future period of time to show different income, this change will eventually be reflected in the different industries. In the eyes of investors who implement the industry allocation investment strategy, the imbalance in the development of the industry is real and eternal, so as long as they can actively choose, they may find industries with excess returns.

The second is to further analyze the unbalanced characteristics of the development of various industries accompanied by the fluctuations of the national economic cycle, and it will also be found that when the entire national economy is prosperous, it is often started in advance by a few "leader" industries, which drives the development of other industries; And when the entire national economy enters a period of economic depression, it will definitely be manifested in several industries entering the downward channel first. Therefore, investors need to focus on choosing the "leader" industry when the national economy is on the upswing, and avoid the industries that decline first as much as possible when the national economy is in recession.

Third, for the market with a certain scale, the direct selection is a huge workload for investors, and the accuracy will be further reduced, and there is a greater investment risk. Select the industry first before choosing, and select the "leader" industry when the economy is on the upswing, even if you choose to fully replicate the index, the returns obtained by investors will be much higher than the returns in other industries; Similarly, in the event of an economic downturn, investors should first try to avoid investing in leading sectors before choosing.

Therefore, the industry allocation investment strategy believes that the "top-down" investment principle should be adopted for investment, and the importance of active investment at the first level is much lower than that of active investment at the category level.

It should be noted that the implementation of the industry allocation investment strategy emphasizes that investors will decompose the investment objectives beyond the market index into the industry selection problem, and make the portfolio of the industry index exceed ** by selecting industries with investment value. Generally, investors who support the investment strategy of industry allocation only passively copy the index at the first level, but investors can also adopt a selected investment philosophy at the first level in combination with their trust in their own ability. Moreover, in the process of fluctuations in the national economic cycle, the performance of each industry in different cycles will not be very stable, and investors need to operate in swings.

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There are many contents of investment, such as one will invest in manufacturing, textiles, pharmaceuticals, etc., and their share is industry allocation.

Let's put it in layman's terms, the company's operation mode is to raise funds and then invest, but his investment ratio is limited by the Securities Regulatory Commission, for example, the proportion of investment cannot exceed 80%. Industry allocation is how much money is invested in that industry, such as 15% investment in the real estate industry and so on!

There are three major industries in China, namely one, two and three industries, each industry has different industries, and each industry has listed financing enterprises and companies (i.e., listed companies or enterprises), **type** is most of the funds used to buy these companies ** to obtain income, **type** hold a number of different listed companies**, the top 10 holding ratio **We call **heavy position, and these ** are often listed companies or enterprises in different industries, may focus on holding several of these industries ** We call this shareholding ratio in different industries industry allocation.

1. The industry allocation in ** means that for example, **type** holds a number of different listed companies, and the top 10 in the holding ratio are called **heavy positions, and these ** are often listed companies or enterprises in different industries, which may focus on holding several of the industries, and we call the shareholding ratio of this different industry as industry allocation.

2. ** refers to a certain amount of funds set up for a certain purpose. The ** mentioned here mainly refers to**investment**. Heavy stock refers to a kind of stock that is heavily held by multiple companies and accounts for more than 20% of the circulating market value, that is to say, more than 20% of this kind is held.

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In summary, asset allocation is a financial management concept in which investors allocate their asset portfolios according to the time horizon of their investment plans and their risk tolerance. Asset allocation can be applied to any portfolio with more than two**. Different types of assets operate differently in the market, so their returns and risks involved also vary.

Asset allocation is the process of selecting the class of assets in a portfolio and determining their proportions. There are two types of assets, one is physical assets, such as real estate, art, etc.; The second is financial assets, such as **, bonds, **, etc. When investors are faced with multiple assets and consider how many assets they should own and what proportion of each asset they have, the decision-making process of asset allocation begins.

Due to the very different nature of various assets, and historical statistics also show that they do not always react at the same time or in the same direction under the same market conditions, so that while the value of some assets falls, others appreciate. For long-term investors who pursue low risk, the Founder Jinquanyou No. 1 Restricted Collective Asset Management Plan currently being sold by China CITIC Bank is expected to return moderately, while other types of investors can also allocate such low-risk products in their portfolios. The collective plan gives priority to the safety of investment, and mainly selects high-credit rating corporate bonds and treasury bonds for investment to achieve stable investment.

At the same time, select new stocks and new bonds to subscribe in a timely manner to increase income. On the basis of fully considering the investment safety of the collective plan, we strive to maximize the appreciation of the assets of the collective plan. The renewal period of the product is 5 years, the product risk level is low, and the minimum participation amount is 50,000 yuan.

The characteristics of this collective plan are as follows: First, it is inherently less risky. Equity investment does not exceed 20% of the net assets of the collective plan; Second, the aristocratic platform makes new debts.

Up to 90% of the investment is in fixed income assets; Third, stabilize the value-added investment strategy. It is much safer to invest in bonds and IPO stocks to make ** investment after moderate amplification; Fourthly, the first lockdown period will only be set for three months. During the duration of each month, the last 5 working days of each month allow you to participate in the withdrawal, so that investors can maintain investment flexibility according to their own capital use plan.

The relationship between asset allocation and the economic cycle.

The written language of asset allocation refers to the allocation of funds between different asset classes based on lending needs, typically between low-risk, low-return** and high-risk, high-yield**. To put it in layman's terms, asset allocation is a combination lending strategy.

The core of asset allocation is the diversification of asset types and specific lending. The main objective is to pursue a better lending yield risk profile based on the lender's own risk appetite and return expectations, as well as to achieve higher returns and lower risks over a longer time horizon.

To put it bluntly, don't put your eggs in one basket and use the least risk to get the maximum benefit.

"Asset allocation refers to the behavior of investors or investment institutions to allocate the funds used for investment according to a certain proportion among different asset classes according to their investment needs, so as to carry out investment portfolios and better realize the risk-return portfolio. ”

1234 allocation method, reasonable arrangement of their own funds.

Many people often ask me, how to allocate assets? In fact, depending on different people, family situations, occupations, etc., sometimes there will be big differences. First, let's take a look at a more ideal and conservative modest.

1 is to put 10% of the funds in 3-6 months of food, clothing, housing and transportation expenses. Many young people may have no concept and will put a lot of money in this part, but in fact, this part is necessary, and the money spent cannot be returned, so it is necessary to minimize the expenditure of this part.

The second is to use 20% of the funds to purchase some insurance products. After all, saving one's life is very important, and many people ignore this link, and often pay one of the money they have worked hard to earn for many years at a critical moment. This is undoubtedly a huge blow to a family.

And how much coverage do you have to buy for general insurance? It can be assigned according to the "1010 rule". The sum insured is 10 times the annual income of the family, and the premium expenditure accounts for about 10% of the income.

For example, if you have an annual income of 300,000 yuan, you can use about 3w to 5w to buy critical illness and accident insurance, and the sum insured must be at least 300w or more.

3 is to put 30% of the money in the space that can be appreciated so that he can appreciate in value, such as **, **, real estate, etc. But this part of the money may need to be spent a little more thought, because if you want to make money quickly, the risk will be relatively high. If you don't pay attention to it, you may lose all the money guaranteed.

And in fact, in my opinion, this part of the money, in addition to financial products, is also essential in the cash flow of some industries to make money.

Of course, the example I'm giving here is a more ideal state and a simple pattern, but in reality there are many times it fluctuates up and down.

4 That is, the last 40% of the remaining part is put into retirement pensions and education funds for the next generation. This part of the money can basically be on par with inflation. Because it is to be held for a long time, you can invest in overseas bonds if you have overseas capital investment needs.

Large types of assets refer to different types of assets such as ** classes, bonds, commodities, etc., and the allocation of large types of assets is to allocate different types of assets in the portfolio, and at the same time dynamically adjust them according to the situation of investors and the market.

Allocation treasure is a public offering ** investment portfolio, which perfectly realizes asset allocation.

Cash-like assets refer to monetary funds held by a business and assets that will be received in a fixed or determinable amount, including cash, bank deposits and notes receivable, as well as bond investments that are ready to be held to maturity. In general, cash assets in a broad sense include cash on hand, bank deposits, and other monetary funds. Cash-like assets are the most liquid assets and are part of monetary assets.

Asset allocation is a key factor in determining the success or failure of wealth management, a 10-year investment performance survey of 82 retirements** in the United States pointed out that 90% of the key factors that determine the success or failure of long-term investment are asset allocation, while only 10% are due to investment targets and market timing and other factors.

At the same time, according to UBS's global research statistics in the past 20 years, the impact of asset allocation on income is much higher than that of factors such as choice and market timing, which shows that the rationality of asset allocation is the key factor that directly affects returns.

In terms of industry allocation, it tends to be a slightly centralized allocation style and pays attention to the ability to grasp the industry.

It does not show a unique preference in the industry allocation, but tends to actively grasp the industry rotation opportunities according to the style of the market and make positive adjustments.

According to the division of our creative destruction economic cycle, our country has entered a new period of growth dominated by domestic demand. Since the end of last year, China's domestic industries have gradually become the main industries driving economic growth, such as automobiles, home appliances, real estate, and Yuxiao food and beverage. The basic characteristics of the current economic growth determine that the basic investment strategy is to focus on domestic demand, which is the core of industry allocation.

Judging from the third quarterly report, the performance growth of listed companies has shown a significant and sustained improvement trend. In the first three quarters of 2009, 1,620 companies achieved a total net profit attributable to the owners of the parent company, a decrease from the same period last year, a quarter-on-quarter increase, and a year-on-year increase in the quarter.

We expect full-year results to return to 25% to 30% growth, which would support the overall direction of the bottom elevation. In terms of specific strategies, the core of industry allocation is to focus on domestic demand industries.

We have classified all domestic demand industries, the first category is the asset class, including owned assets (real assets and virtual assets) and asset management. The second category is consumer goods, and the third category is consumer services. The investment opportunities brought about by the major events in November can be grasped from the perspective of thematic investment.

It mainly includes three aspects: one is out of the first document.

It is expected that big agriculture can once again be concerned. Second, Obama's visit to China from November 15 to 18 will trigger investment opportunities around the appreciation of the renminbi, including finance, real estate, aviation, and paper packaging. The third is to focus on the first economic work conference, focusing on the adjustment of the structure, we can pay attention to the leading companies in the consumer industry and the overcapacity industry.

The portfolio in November includes: Lujiazui and China Merchants Bank.

Lu'an Environmental Energy, Horse Racing Industry, Zoomlion, Changan Automobile.

FAW Car, Huayu Automobile, Qingdao Haier.

Gree Electric Appliances, Green Earth, Zhangzidao, Tasly, Modern Pharmaceutical, Yabao Pharmaceutical.