三、 不同规模基金仓位
(一) 当前仓位
12月几乎所有的公墓基金都进行了减仓，其中以大型基金的减仓幅度最为显著，股票仓位已低于中小型基金。截至12月29日，小型偏股型基金的平均仓位为75.49%，超过大型基金仓位约170个基点。股票型基金中，只有小型基金的仓位还维持在8成以上，而大中型基金的仓位分别只有77.76%和78.48%。混合型基金的仓位基本都以降至70%一下，小型混合基金的仓位甚至仅为64.93%。市场在跌破前期低点之后急转直下，机构的筑底预期未能实现，因此各类基金都暂时减少权益投资的比例以规避市场的下跌风险。
数据来源：好买基金研究中心，数据截止日：2011-12-29
(二) 主动调仓幅度
从调仓方向上看，市场持续低迷的表现导致各基金的预期开始出现差异。与上周相比，所有基金都增加了用于股票投资的仓位，其中大中型基金的增仓幅度大致相当，而小型基金则相对比较谨慎，仓位增长有限。而从月变化来看，大型基金和小型基金均以减仓位主要调整方向，中型基金则有一定的加仓趋势。此外，从基金投资分类上看，各类股票型基金都减低了仓位，而除了小型混合型基金外，其它混合型基金都进行了一定的增仓。
数据来源：好买基金研究中心，数据截止日：2011-12-29
数据来源：好买基金研究中心，数据截止日：2011-12-29
四、 基金公司当前仓位及变化
截至12月29日，60家基金公司中股票仓位达到或超过80%的数量明显下降，仅为17家，其中仓位最高的是新华、浦银安盛、汇丰晋信、中欧和长信。仓位较低的分别为民生加银、益民、摩根士丹利华鑫、金元比联和海富通，持股仓位均在6成左右徘徊，民生加银的仓位甚至低于60%。与上月相比，交银施罗德、广发和东方的主动加仓幅度较大，分别为9.74%、8.67%和7.99%;而民生加银、泰达宏利和海富通三家大幅减少持股仓位，减仓幅度分别为19.11、11.40和9.90个百分点。
|
基金公司当前仓位及主动调仓 |
|||||||
|
基金公司 |
基金个数 |
当前仓位 |
上周仓位 |
主动调仓 |
上月仓位 |
主动调仓 |
上季末仓位 |
|
益民 |
2 |
60.31% |
57.23% |
3.89% |
72.37% |
-9.31% |
73.04% |
|
天弘 |
3 |
79.96% |
83.02% |
-2.65% |
80.09% |
2.01% |
80.79% |
|
诺安 |
7 |
72.71% |
71.55% |
1.63% |
84.30% |
-9.72% |
79.01% |
|
东方 |
4 |
73.15% |
65.72% |
8.00% |
67.98% |
7.99% |
73.30% |
|
泰信 |
5 |
82.89% |
83.69% |
-0.43% |
79.59% |
5.68% |
84.05% |
|
中邮创业 |
4 |
81.27% |
80.25% |
1.41% |
84.85% |
-1.64% |
80.38% |
|
汇添富 |
9 |
70.63% |
68.16% |
3.13% |
66.14% |
7.59% |
76.52% |
|
光大保德信 |
7 |
80.83% |
77.15% |
4.07% |
84.49% |
-1.77% |
85.21% |
|
招商 |
7 |
79.22% |
77.42% |
2.21% |
83.21% |
-2.05% |
75.83% |
|
华宝兴业 |
9 |
72.00% |
71.28% |
1.22% |
75.76% |
-1.33% |
73.92% |
|
摩根士丹利华鑫 |
5 |
62.22% |
62.67% |
0.27% |
66.57% |
-1.27% |
56.51% |
|
华富 |
4 |
81.02% |
79.75% |
1.71% |
78.69% |
4.83% |
77.03% |
|
银河 |
6 |
66.83% |
68.70% |
-1.23% |
64.65% |
5.43% |
73.23% |
|
新华 |
6 |
90.74% |
88.09% |
2.96% |
87.23% |
5.04% |
86.60% |
|
建信 |
5 |
75.72% |
70.54% |
5.73% |
81.74% |
-3.95% |
81.14% |
|
中欧 |
5 |
84.49% |
79.41% |
5.56% |
78.89% |
7.85% |
82.59% |
|
汇丰晋信 |
7 |
86.91% |
84.82% |
2.45% |
90.31% |
-2.10% |
82.86% |
|
华夏 |
14 |
75.66% |
73.43% |
2.69% |
79.38% |
-1.48% |
80.37% |
|
景顺长城 |
11 |
76.24% |
74.38% |
2.36% |
81.70% |
-3.46% |
79.87% |
|
广发 |
10 |
81.31% |
78.19% |
3.61% |
74.93% |
8.67% |
82.85% |
|
上投摩根 |
9 |
76.45% |
72.69% |
4.31% |
79.04% |
-0.32% |
79.99% |
|
华泰柏瑞 |
5 |
76.38% |
74.49% |
2.48% |
73.67% |
5.40% |
74.10% |
|
泰达宏利 |
10 |
63.37% |
61.64% |
2.50% |
77.25% |
-11.40% |
70.71% |
|
博时 |
11 |
64.17% |
61.18% |
3.48% |
69.44% |
-2.83% |
68.87% |
|
万家 |
4 |
74.46% |
77.73% |
-2.78% |
80.01% |
-3.16% |
75.28% |
|
信诚 |
6 |
83.42% |
81.72% |
2.17% |
82.16% |
3.32% |
78.64% |
|
融通 |
6 |
77.69% |
76.25% |
1.92% |
81.68% |
-2.09% |
78.81% |
|
诺德 |
4 |
81.94% |
77.21% |
5.22% |
78.79% |
5.40% |
74.71% |
|
国泰 |
9 |
78.60% |
74.77% |
4.34% |
73.73% |
7.65% |
82.51% |
|
申万菱信 |
5 |
80.99% |
79.01% |
2.41% |
84.78% |
-1.98% |
84.93% |
|
国投瑞银 |
5 |
70.89% |
70.83% |
0.63% |
74.70% |
-1.31% |
74.45% |
|
鹏华 |
9 |
74.99% |
73.95% |
1.55% |
80.94% |
-3.81% |
80.77% |
|
南方 |
11 |
76.69% |
75.31% |
1.85% |
78.68% |
0.21% |
76.73% |
|
嘉实 |
12 |
73.97% |
67.67% |
6.95% |
69.07% |
7.62% |
77.83% |
|
银华 |
8 |
71.43% |
74.77% |
-2.76% |
78.70% |
-5.00% |
77.62% |
|
天治 |
5 |
70.07% |
68.35% |
2.27% |
78.68% |
-6.47% |
67.11% |
|
国海富兰克林 |
6 |
82.54% |
81.67% |
1.27% |
86.12% |
-1.90% |
84.07% |
|
中海 |
6 |
73.00% |
75.54% |
-2.00% |
82.04% |
-6.92% |
76.56% |
|
中银 |
7 |
65.72% |
65.39% |
1.05% |
68.23% |
0.62% |
69.44% |
|
海富通 |
8 |
63.24% |
63.18% |
0.73% |
75.55% |
-9.90% |
70.44% |
|
华安 |
8 |
76.97% |
75.37% |
2.11% |
74.82% |
4.91% |
71.86% |
|
浦银安盛 |
3 |
87.28% |
88.79% |
-1.22% |
89.76% |
-1.05% |
75.10% |
|
工银瑞信 |
6 |
78.01% |
76.63% |
1.87% |
78.52% |
1.73% |
82.78% |
|
富国 |
8 |
79.92% |
73.03% |
7.41% |
81.56% |
0.33% |
85.53% |
|
易方达 |
13 |
71.70% |
70.52% |
1.74% |
71.86% |
2.66% |
79.36% |
|
长信 |
6 |
83.98% |
83.71% |
0.62% |
85.63% |
0.13% |
82.26% |
|
信达澳银 |
4 |
79.68% |
77.69% |
2.50% |
80.93% |
0.98% |
71.63% |
|
农银汇理 |
5 |
78.72% |
74.78% |
4.54% |
79.49% |
1.53% |
86.20% |
|
交银施罗德 |
7 |
79.01% |
72.34% |
7.25% |
72.09% |
9.74% |
74.25% |
|
宝盈 |
5 |
77.89% |
76.21% |
1.99% |
78.98% |
1.10% |
75.66% |
|
兴业全球 |
4 |
70.09% |
67.80% |
2.93% |
69.86% |
3.25% |
70.86% |
|
长盛 |
6 |
69.59% |
68.41% |
1.75% |
73.83% |
-1.48% |
73.58% |
|
长城 |
8 |
70.13% |
68.65% |
2.16% |
72.40% |
0.57% |
79.07% |
|
国联安 |
7 |
66.06% |
64.27% |
2.42% |
66.97% |
1.99% |
65.36% |
|
金元比联 |
5 |
62.28% |
63.16% |
-0.17% |
65.82% |
-0.30% |
68.98% |
|
金鹰 |
6 |
77.85% |
81.80% |
-3.63% |
84.90% |
-5.08% |
76.85% |
|
民生加银 |
4 |
59.81% |
60.24% |
0.16% |
81.14% |
-19.11% |
80.66% |
|
华商 |
5 |
80.91% |
84.07% |
-2.76% |
80.47% |
2.78% |
74.11% |
|
大成 |
10 |
80.09% |
74.94% |
5.81% |
77.77% |
4.68% |
81.46% |
|
东吴 |
6 |
82.23% |
82.99% |
-0.33% |
81.40% |
2.93% |
83.53% |
数据来源：好买基金研究中心，数据截止日：2011-12-29
