Reduction of overseas investment insurance varieties cautiously optimistic view of market outlook

Three of the Quarterly Bulletin shows that China Life, China Ping An and China Pacific Insurance (601,601, it shares) during the period of the 10 species occurred in a larger portfolio changes. The three companies have large holdings of index and equity funds at the same time reduce the bond funds and bank shares. To the trade, this shows that the international financial crisis under the insurance funds are still having cautious optimism.

In the first three quarters, China Life net profit for the 13,111,000,000 yuan, up 46.91 percent reduction; China Ping An losses 705,000,000 yuan, while net profit for the same period last year 11,680,000,000 yuan; China Pacific Insurance net profit fell 32.6 percent year-on-year.

Adjusted positions of various styles

Although the above-mentioned three companies are holdings of the fund, but investment style is different.

A large number of index funds in the emerging China Life Quarterly Bulletin, the three of the 10 varieties of investment securities, the Castrol 300 was third, when Bo Yu Fu (market, the net, let Fund), easy to up to 50 Index (price, net, let Fund) Dacheng and the Shanghai and Shenzhen 300 (prices, the net, let Fund) 3 index funds out at 7, 8, 9-bit. In the third quarter, the Industrial and Commercial Bank (601,398, it shares) A shares and H shares China Life were to reduce 347,357,000 shares and 296,987,642 shares, making a total of about 6 million shares; China Life first CITIC Chong Canggu Securities (600,030, it shares) in the third quarter also reduce 100,000,000 shares. Visa, Bank of China (601,988, it shares), shares of Baoshan Iron and Steel (600,019, it shares), the Chinese bonds, has withdrawn from the three varieties of the Quarterly Bulletin of the 10 securities investment ranks.

China Pacific Insurance Quarterly Bulletin in three of the 10 species of the list of investment securities, emerging as the most equity funds, including the vote on the Alpha, Warburg advanced growth of the Chinese growth advantage (market, the net, let Fund), the rich-day value of the benefit (Market, the net, let Fund) and the closure of the Fund Anshun Fund (market, the net, let Fund). At the same time, holdings of China Pacific Insurance Center Daily News of the Chinese varieties Shanghai China 50ETF. Panzhihua Vanadium Steel (000,629, it shares), China Shenhua (601,088, it shares), such as stocks and bonds strong ICBC A, Po Hong bonds (market, the net, let Fund) funds from the China Pacific Insurance top 10 securities investment Variety. China Life and similar, in the third quarter of China Pacific Insurance also reduce the Industrial and Commercial Bank A shares 236,000,000 shares.

Ping An of China in three varieties of the Quarterly Bulletin of the 10 securities investment, the emergence of the new Hua Manulife (market, the net, let Fund), voted on two Alpha Equity Fund and the Hong Kong equity index products Tracker Fund of Hong Kong. Center Daily News in the second Chong Canggu Shanghai Pudong Development Bank (600,000, it shares) in the third quarter was 155 million shares to reduce, and its ranking slip to the third.

Observation of the 10 insurance portfolio changes in species can be found that the increase in the stock or index funds, bond funds reduced, the reduction of bank shares has become a common trend.

Analysts believe that in the long run, that insurance funds are still optimistic about market outlook. However, stocks are still very cautious choice, especially for the prevention of financial turmoil, the bank reduced holdings of stocks, so take a conservative strategy of investing in stocks or index funds.

A listing of insurance asset management department official said, A Share Index down to little space. Insurance funds in the third quarter to adjust the investment structure, is more layout in preparation for the next year.

The other listed insurance asset management department sources, for the third quarter to adjust the investment, can be interpreted as a promising market outlook.

Reduction of overseas investment varieties

Third, can be seen from the Quarterly Bulletin, insurance funds "to the sea," the pace is slowing down, to reduce their risk capital or cash to invest overseas varieties.

Jukui affected by Fortis Investment, Ping An of China to reduce its "internationalization" of investment colors Center Daily News held in Shanghai China JP Morgan Chase, HSBC, such as four dollars of overseas products, the IMF no longer appear in three of the Quarterly Bulletin of the 10 securities investment Variety, the domestic currency IMF sea Fortis B, silver-rich Galaxy currency B appeared in three of the Quarterly Bulletin of the 10 species in securities investment.

China Life is also in the second quarter following the reduction of 380 million Visa, 60-70 in the third quarter of the high dollar to continue to reduce the remaining 300 million shares, issued at a price of 44 U.S. dollars compared to six months, more than half profit.

Three of the Quarterly Bulletin shows that China Life, China Ping An and China Pacific Insurance during the period of the 10 species occurred in a larger portfolio changes.