基金三季報出爐!張坤的心理按摩:以買房的心態來投資股票,效果會更好
昨日,頂流基金經理張坤披露了在管基金的三季報,三季報中,張坤仍然表示,長期看好中國資本市場,當前市場價格對長期投資者有利。
增配醫藥行業
規模上,張坤在管基金的合計規模再度回落,最新為830.46億元,較二季度末減少140.91億元,縮水幅度達14.51%。此前二季度,張坤的在管規模曾逼近“千億”大關,較一季度末回升14.38%。結合報吿期期間基金總申購/贖回份額,3只開放式基金均獲淨申購。
倉位上,張坤所管理的基金三季度股票倉位基本穩定,並對結構進行了調整,增加了醫藥等行業的配置,降低了金融等行業的配置。個股方面,仍然持有商業模式出色、行業格局清晰,競爭力強的優質公司。
重倉股上,易方達藍籌精選增持了藥明生物、騰訊控股、五糧液,加倉幅度為100.74%、10.50%、0.97%,持倉市值為23.24億元、48.19億元、52.8億元;減倉瀘州老窖、貴州茅台、香港交易所、洋河股份,減倉幅度為8.94%、6.62%、5.45%、2.35%,持倉市值為52.89億元、52.8億元、38.04億元、52.51億元。招商銀行、伊利股份、美團-W倉位保持不變。
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易方達優質企業三年持有的十大重倉股與二季度一致,倉位變動上,三季度繼續減持了洋河股份、瀘州老窖和貴州茅台3只高端白酒股,進一步增持了騰訊控股、藥明生物,五糧液也獲小幅加倉。
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易方達優質精選三季度減持瀘州老窖和貴州茅台,減持比例分別為6.4%和2.86%;增持了五糧液、洋河股份、騰訊控股、京東集團-SW、阿里巴巴-SW。
易方達亞洲精選三季度增加了科技等行 業的配置,降低了消費等行業的配置。十大重倉股上,華住集團-S、美股SEA新進前十,持倉大幅增加288.57%和75.44%;騰訊控股、阿里巴巴-SW、中國海洋石油三季度獲增持;京東集團-SW、美團-W和香港交易所被減持。蒙牛乳業、美股STAAR Surgical Co、新進成為前十大重倉股。
當前價格對長期投資者頗具吸引力
展望未來,張坤錶示長期看多中國經濟。長期來看,國人的勤奮和智慧毋庸多言,只要走出疫情的陰霾,市場經濟充分發揮作用,各行各業都會產生優秀企業家領導的優秀企業,助力中國經濟的崛起。
張坤還在季報中分析了短期投資者的心態,稱對於股票投資者來説,即使是以企業價值作為投資的標準,但記分牌
卻仍是股票價格。人類需要即時滿足的心理特性決定了短期的股價變動是最影響投資者心態的。
張坤直言,在實際世界中,股票投資者卻經常對短暫且無關緊要的日常信息做出反應。但實際上,市場先生是來服務投
資者的,而不是來指導投資者的。現階段,市場先生提供了對長期投資者有吸引力的出價。
張坤還建議,投資者如果以買房的心態來投資股票,包括細緻的基本面分析(大
量調研樓盤)、重倉買入(投入大量資金)、長期持有(不因為短期房價波動而進
行交易),可能效果會好得多。
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