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
