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在一个具有较高成长性和波动性的市场环境中,进行着眼于五年、十年以上的基金投资,品种优选固然重要,但是配置的好坏可能会在更大程度上影响最后的投资结果。基金投资过程中配置的功能主要体现在两个方面:一是通过配置来满足风格、风险平衡和阶段性侧重的要求;二是通过配置调整来贯彻和落实自身需求的变化。在单边市场中,资产的风险配置是核心;在震荡市场中,对热点的把握以及灵活操作能力是关键。进入2011年以来,市场继续维持震荡态势,综合经济增长、政策环境、流动性、投资者心态等多重因素,笔者认为2011年度市场不太可能单
In a market with high growth and volatility in the environment, focusing on five years, more than 10 years of fund investment, variety optimization is important, but the configuration may be to a greater extent the impact of the final investment results . The functions of the fund investment process are mainly embodied in two aspects: First, through the configuration to meet the style, risk balance and stage focus on the requirements; the second is through the allocation of adjustments to implement and implement their own needs changes. In the unilateral market, asset risk allocation is the core; in the turmoil market, grasp the hot and flexible operation is the key. Into 2011, the market continued to maintain the shock situation, comprehensive economic growth, policy environment, liquidity, investor mentality and other factors, the author believes that the 2011 market is unlikely to single