Chapter 494: 494
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The pioneer group of later generations is a very scary investment fund. This horror not only refers to the nearly four trillion investment scale it manages, but also very scary in other aspects.
For example, among the top ten companies with the highest market value in the world, pioneer group occupies the position of major shareholder.
Apple cow ratio? At present, the company with the highest market value in the world has a total market value of more than 900 billion US dollars, and it is about to run to trillion US dollars. Among the main shareholders of apple, pioneer group firmly occupies the position of the first shareholder of apple with 7.06% of the shares. Based on Apple's current market value of $930 billion, the market value of apple stock held by pioneer group is as high as $65.6 billion!
As for Google, which ranks second in the world in terms of market value, pioneer group also occupies the largest shareholder position of Google with a shareholding ratio of 5.98%. Based on Google's current market value of $820 billion, the market value of Google stock held by pioneer group is as high as $49 billion!
The market value of the shares of the two companies held by pioneer group alone exceeds 110 billion US dollars!
Besides, pioneer group also holds 7.62% of the shares of Microsoft, ranking first in Microsoft, with a market value of US $60.9 billion; It holds 5.76% of Amazon's shares, ranking first among Amazon institutions, with a market value of US $46 billion; It holds 5.98% of the shares of Facebook, ranking first among Facebook institutions, with a market value of US $36 billion; It holds 7.62% of the shares of ExxonMobil, ranking first in ExxonMobil, with a market value of 26.6 billion US dollars; It holds 7.63% of the shares of Johnson & Johnson, ranking first in Johnson & Johnson, with a market value of US $26.6 billion
In addition, pioneer group also holds 0.2% of Warren Buffett's Berkshire Hathaway shares, ranking fifth among all institutional shareholders, with a market value of less than $1 billion.
In other words, among the top ten companies in the world by market value, pioneer group ranks first in the shareholding proportion of seven of them. Although it does not hold a lot of shares in Berkshire Hathaway, it is Buffett's territory after all. It is quite a bull's ratio to occupy 0.2% of institutional shares.
As for the remaining two companies, they are all Huaxia companies, and pioneer group does not hold shares.
The market value of the shares of the eight top ten companies in the world held by pioneer group alone exceeds US $310 billion!
In addition, pioneer group also controls the shares of many influential old companies.
Wal Mart, which often occupies the top of the Fortune 500, holds 4.16% of its shares and ranks first in institutional shareholding. Although GM has been lonely, at least it is also one of the top 20 Fortune 500 companies, and pioneer group occupies the largest shareholder of GM with a shareholding ratio of 6.42%**** As a famous bank in the United States, pioneer group is still its largest shareholder with a shareholding ratio of 7.47%.
Also, like Citibank, the largest bank in the United States, pioneer group still firmly holds the largest shareholder position of the bank with a shareholding ratio of 7.1%; ATT, that is, at & T, pioneer group occupies the first shareholder position of the largest communication company in the United States with a shareholding ratio of 7.24%; The largest shareholder of United Health Group is also pioneer group, which accounts for 7.04% of the shares of United Health Group!
(PS: all the above data are true, not blind...)
These are some big companies that we are familiar with. Pioneer group has participated in the shareholding of those companies that are not well-known but have very strong strength.
From the emerging IT industry to the ancient banking, automobile, insurance, communication and energy industries... The companies invested by pioneer group cover almost all industries in the United States, and pioneer group holds a large proportion of shares in these companies and has an important voice in these companies.
It's OK for one or two companies to say, but after pioneer group has become the main investor of so many companies, the meaning represented by pioneer group is very unusual. To make no exaggeration, the influence of the US president in these large companies is not as big as that of the pioneer group!
This shows how terrible the pioneer group is!
In contrast, hedge funds such as quantum funds and tiger funds are gross! Although these hedge funds are famous, in fact, when they charge in front, the huge international hot money who eat meat and soup behind them is the biggest winner. Among these international hot money, the real big head is these investment custody institutions with terrorist energy, such as pioneer group, such as BlackRock group, such as Blackstone Fund
However, the market value of such a company with huge voice is incredibly small. According to its current share price, the market value of the world's second-largest investment fund itself is only less than $600 million
In fact, such a famous pioneer group is not a collection of international hot money, but the fund has won nearly $4 trillion in custody assets with a market value of less than $600 million, which is enough to prove how terrible the efficiency and reputation of pioneer group are.
Why should Yang Jing let go of such a great investment fund in the future?
Taking vanguard group directly is a very easy thing for Yang Jing. Vanguard group, which has just developed for more than ten years, is not the Big Mac of future generations. Now vanguard group is still very young. Yang Jing can swallow this investment custodian, which is still called Xianfeng fund, with his fingers.
However, Yang Jing did not swallow the mind of pioneer group. Instead of swallowing it, let it stand in front. Whether KY fund or six other offshore companies can become partners of pioneer group, and then quietly eating meat behind pioneer group is the best operation.
When making plans before, Yang Jing forgot this investment institution that people talk about in future generations, but it's not too late to remember now. It's just cooperation. Do it! Why not?
However, it still needs to be carefully discussed if we want to reap the maximum benefits from this future partner in the stock disaster and even various black swan markets in the financial market in the future. At the same time, Yang Jing also found that some of the plans she made at the beginning of the year seemed a little too conservative, and the gains made by Henry Williams and David Anderson in the bull market in the U.S. stock market in the first half of this year exceeded her expectations. Yang Jing felt that she should change some of the previous plans.
So after talking to David Anderson for a while, Yang Jing called together Mike Allah, Henry Williams, Amanda Petrus and Cesar.
"Boss, in the past eight months, excluding the stocks we purchased at the beginning of the year, the total income of our Dragon Fund has reached US $18.8 billion. This is because it involves the securities and exchange law and regulation 144 For this reason, the shares of major companies we have acquired in the market, except Berkshire Hathaway, do not hold more than 5%. The specific situation is as follows: we currently hold 4.78% of Microsoft's shares, 1.24% of Alcoa's shares, 1.3% of GM's shares and 1.41% of Citibank's shares... "
As the chief financial officer of the Dragon Fund, Amanda Petrus controls the capital operation of the whole Dragon Fund. The figures from the strong woman are the most real capital and assets of the Dragon Fund at present. These situations can be proved by the other two CFOs recruited into the Dragon Fund together with Amanda Petrus.
Although the two financial directors are under Amanda Petrus, they are mainly responsible for supervision, so their power is also great. They are also directly responsible to Yang Jing.
In this time and space, Yang Jing is a person from the future. Thanks to the information explosion in the future, he knows the financial market in this time and space best, so he made a series of investment plans at the beginning of the year.
It's just that the of US stocks in the past six months is really too cow. The cow makes Yang Jing's plan a little backward.
For example, at that time, he made a plan to buy the stocks of major companies with us $5 billion, and then use the remaining US $7 billion to hype the US stock index and buy stocks that can be reduced at any time.
In other words, the $5 billion that David Anderson controls is used to buy real estate, while the $7 billion that Henry Williams controls together with David Anderson is used to make speculative money.
From the beginning of 1987 to October, the U.S. stock market was bullish and made a lot of money without taking advantage of this good opportunity. I'm really sorry for the big bull market that has been difficult to meet in recent decades.
Therefore, Henry Williams and David Anderson used these 7 billion US dollars to make speculative investments in the past half a year, and earned more than 10 billion US dollars in net profits in the stock index alone.
As for stocks, the two of them bought especially. Except that the stocks of those companies that Yang Jing asked to buy were purchased with the $5 billion, the other funds were used to buy the stocks of many companies.
The stocks of these companies are to be abandoned around October, and these stocks are also rising wildly driven by the investment of a large amount of funds from the Dragon Fund, which makes the Dragon Fund earn a lot of benefits on these stocks.
Only because it is limited to the securities and Exchange Act and regulation 144 of the United States, the shareholding ratio of these stocks can not exceed 5%. Otherwise, there is not only a lock-in period of up to two years, but also a lot of restrictions when reducing their holdings.
Precisely because of this, the proportion of shares invested by the Dragon Fund to make money did not exceed 5%.
As for companies that want to hold shares, such as Microsoft, * * * * and Citibank, it is because it is really difficult to acquire shares in the market, so there has been no large-scale acquisition of shares of these companies.
However, it doesn't matter. The shareholding ratio exceeds 1%, which is also an important shareholder for these large companies. As long as the stock disaster broke out on October 19, the Dragon Fund can turn around to buy back the shares of these companies in the name of stock repurchase in the name of partner of pioneer group and with the huge funds earned from the U.S. stock index and other U.S. stocks in the first half of the year!
This is the so-called "supporting war by war".
This was originally a strategic policy formulated by Yang Jing at the beginning of the year. Now, from the operation of this half year, the actual results have far exceeded the plan, so Yang Jing thinks she should be more bold
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The pioneer group of later generations is a very scary investment fund. This horror not only refers to the nearly four trillion investment scale it manages, but also very scary in other aspects.
For example, among the top ten companies with the highest market value in the world, pioneer group occupies the position of major shareholder.
Apple cow ratio? At present, the company with the highest market value in the world has a total market value of more than 900 billion US dollars, and it is about to run to trillion US dollars. Among the main shareholders of apple, pioneer group firmly occupies the position of the first shareholder of apple with 7.06% of the shares. Based on Apple's current market value of $930 billion, the market value of apple stock held by pioneer group is as high as $65.6 billion!
As for Google, which ranks second in the world in terms of market value, pioneer group also occupies the largest shareholder position of Google with a shareholding ratio of 5.98%. Based on Google's current market value of $820 billion, the market value of Google stock held by pioneer group is as high as $49 billion!
The market value of the shares of the two companies held by pioneer group alone exceeds 110 billion US dollars!
Besides, pioneer group also holds 7.62% of the shares of Microsoft, ranking first in Microsoft, with a market value of US $60.9 billion; It holds 5.76% of Amazon's shares, ranking first among Amazon institutions, with a market value of US $46 billion; It holds 5.98% of the shares of Facebook, ranking first among Facebook institutions, with a market value of US $36 billion; It holds 7.62% of the shares of ExxonMobil, ranking first in ExxonMobil, with a market value of 26.6 billion US dollars; It holds 7.63% of the shares of Johnson & Johnson, ranking first in Johnson & Johnson, with a market value of US $26.6 billion
In addition, pioneer group also holds 0.2% of Warren Buffett's Berkshire Hathaway shares, ranking fifth among all institutional shareholders, with a market value of less than $1 billion.
In other words, among the top ten companies in the world by market value, pioneer group ranks first in the shareholding proportion of seven of them. Although it does not hold a lot of shares in Berkshire Hathaway, it is Buffett's territory after all. It is quite a bull's ratio to occupy 0.2% of institutional shares.
As for the remaining two companies, they are all Huaxia companies, and pioneer group does not hold shares.
The market value of the shares of the eight top ten companies in the world held by pioneer group alone exceeds US $310 billion!
In addition, pioneer group also controls the shares of many influential old companies.
Wal Mart, which often occupies the top of the Fortune 500, holds 4.16% of its shares and ranks first in institutional shareholding. Although GM has been lonely, at least it is also one of the top 20 Fortune 500 companies, and pioneer group occupies the largest shareholder of GM with a shareholding ratio of 6.42%**** As a famous bank in the United States, pioneer group is still its largest shareholder with a shareholding ratio of 7.47%.
Also, like Citibank, the largest bank in the United States, pioneer group still firmly holds the largest shareholder position of the bank with a shareholding ratio of 7.1%; ATT, that is, at & T, pioneer group occupies the first shareholder position of the largest communication company in the United States with a shareholding ratio of 7.24%; The largest shareholder of United Health Group is also pioneer group, which accounts for 7.04% of the shares of United Health Group!
(PS: all the above data are true, not blind...)
These are some big companies that we are familiar with. Pioneer group has participated in the shareholding of those companies that are not well-known but have very strong strength.
From the emerging IT industry to the ancient banking, automobile, insurance, communication and energy industries... The companies invested by pioneer group cover almost all industries in the United States, and pioneer group holds a large proportion of shares in these companies and has an important voice in these companies.
It's OK for one or two companies to say, but after pioneer group has become the main investor of so many companies, the meaning represented by pioneer group is very unusual. To make no exaggeration, the influence of the US president in these large companies is not as big as that of the pioneer group!
This shows how terrible the pioneer group is!
In contrast, hedge funds such as quantum funds and tiger funds are gross! Although these hedge funds are famous, in fact, when they charge in front, the huge international hot money who eat meat and soup behind them is the biggest winner. Among these international hot money, the real big head is these investment custody institutions with terrorist energy, such as pioneer group, such as BlackRock group, such as Blackstone Fund
However, the market value of such a company with huge voice is incredibly small. According to its current share price, the market value of the world's second-largest investment fund itself is only less than $600 million
In fact, such a famous pioneer group is not a collection of international hot money, but the fund has won nearly $4 trillion in custody assets with a market value of less than $600 million, which is enough to prove how terrible the efficiency and reputation of pioneer group are.
Why should Yang Jing let go of such a great investment fund in the future?
Taking vanguard group directly is a very easy thing for Yang Jing. Vanguard group, which has just developed for more than ten years, is not the Big Mac of future generations. Now vanguard group is still very young. Yang Jing can swallow this investment custodian, which is still called Xianfeng fund, with his fingers.
However, Yang Jing did not swallow the mind of pioneer group. Instead of swallowing it, let it stand in front. Whether KY fund or six other offshore companies can become partners of pioneer group, and then quietly eating meat behind pioneer group is the best operation.
When making plans before, Yang Jing forgot this investment institution that people talk about in future generations, but it's not too late to remember now. It's just cooperation. Do it! Why not?
However, it still needs to be carefully discussed if we want to reap the maximum benefits from this future partner in the stock disaster and even various black swan markets in the financial market in the future. At the same time, Yang Jing also found that some of the plans she made at the beginning of the year seemed a little too conservative, and the gains made by Henry Williams and David Anderson in the bull market in the U.S. stock market in the first half of this year exceeded her expectations. Yang Jing felt that she should change some of the previous plans.
So after talking to David Anderson for a while, Yang Jing called together Mike Allah, Henry Williams, Amanda Petrus and Cesar.
"Boss, in the past eight months, excluding the stocks we purchased at the beginning of the year, the total income of our Dragon Fund has reached US $18.8 billion. This is because it involves the securities and exchange law and regulation 144 For this reason, the shares of major companies we have acquired in the market, except Berkshire Hathaway, do not hold more than 5%. The specific situation is as follows: we currently hold 4.78% of Microsoft's shares, 1.24% of Alcoa's shares, 1.3% of GM's shares and 1.41% of Citibank's shares... "
As the chief financial officer of the Dragon Fund, Amanda Petrus controls the capital operation of the whole Dragon Fund. The figures from the strong woman are the most real capital and assets of the Dragon Fund at present. These situations can be proved by the other two CFOs recruited into the Dragon Fund together with Amanda Petrus.
Although the two financial directors are under Amanda Petrus, they are mainly responsible for supervision, so their power is also great. They are also directly responsible to Yang Jing.
In this time and space, Yang Jing is a person from the future. Thanks to the information explosion in the future, he knows the financial market in this time and space best, so he made a series of investment plans at the beginning of the year.
It's just that the of US stocks in the past six months is really too cow. The cow makes Yang Jing's plan a little backward.
For example, at that time, he made a plan to buy the stocks of major companies with us $5 billion, and then use the remaining US $7 billion to hype the US stock index and buy stocks that can be reduced at any time.
In other words, the $5 billion that David Anderson controls is used to buy real estate, while the $7 billion that Henry Williams controls together with David Anderson is used to make speculative money.
From the beginning of 1987 to October, the U.S. stock market was bullish and made a lot of money without taking advantage of this good opportunity. I'm really sorry for the big bull market that has been difficult to meet in recent decades.
Therefore, Henry Williams and David Anderson used these 7 billion US dollars to make speculative investments in the past half a year, and earned more than 10 billion US dollars in net profits in the stock index alone.
As for stocks, the two of them bought especially. Except that the stocks of those companies that Yang Jing asked to buy were purchased with the $5 billion, the other funds were used to buy the stocks of many companies.
The stocks of these companies are to be abandoned around October, and these stocks are also rising wildly driven by the investment of a large amount of funds from the Dragon Fund, which makes the Dragon Fund earn a lot of benefits on these stocks.
Only because it is limited to the securities and Exchange Act and regulation 144 of the United States, the shareholding ratio of these stocks can not exceed 5%. Otherwise, there is not only a lock-in period of up to two years, but also a lot of restrictions when reducing their holdings.
Precisely because of this, the proportion of shares invested by the Dragon Fund to make money did not exceed 5%.
As for companies that want to hold shares, such as Microsoft, * * * * and Citibank, it is because it is really difficult to acquire shares in the market, so there has been no large-scale acquisition of shares of these companies.
However, it doesn't matter. The shareholding ratio exceeds 1%, which is also an important shareholder for these large companies. As long as the stock disaster broke out on October 19, the Dragon Fund can turn around to buy back the shares of these companies in the name of stock repurchase in the name of partner of pioneer group and with the huge funds earned from the U.S. stock index and other U.S. stocks in the first half of the year!
This is the so-called "supporting war by war".
This was originally a strategic policy formulated by Yang Jing at the beginning of the year. Now, from the operation of this half year, the actual results have far exceeded the plan, so Yang Jing thinks she should be more bold
The pioneer group of later generations is a very scary investment fund. This horror not only refers to the nearly four trillion investment scale it manages, but also very scary in other aspects.For example, among the top ten companies with the highest market value in the world, pioneer group occupies the position of major shareholder.Apple cow ratio? At present, the company with the highest market value in the world has a total market value of more than 900 billion US dollars, and it is about to run to trillion US dollars. Among the main shareholders of apple, pioneer group firmly occupies the position of the first shareholder of apple with 7.06% of the shares. Based on Apple's current market value of $930 billion, the market value of apple stock held by pioneer group is as high as $65.6 billion!As for Google, which ranks second in the world in terms of market value, pioneer group also occupies the largest shareholder position of Google with a shareholding ratio of 5.98%. Based on Google's current market value of $820 billion, the market value of Google stock held by pioneer group is as high as $49 billion!The market value of the shares of the two companies held by pioneer group alone exceeds 110 billion US dollars!Besides, pioneer group also holds 7.62% of the shares of Microsoft, ranking first in Microsoft, with a market value of US $60.9 billion; It holds 5.76% of Amazon's shares, ranking first among Amazon institutions, with a market value of US $46 billion; It holds 5.98% of the shares of Facebook, ranking first among Facebook institutions, with a market value of US $36 billion; It holds 7.62% of the shares of ExxonMobil, ranking first in ExxonMobil, with a market value of 26.6 billion US dollars; It holds 7.63% of the shares of Johnson & Johnson, ranking first in Johnson & Johnson, with a market value of US $26.6 billionIn addition, pioneer group also holds 0.2% of Warren Buffett's Berkshire Hathaway shares, ranking fifth among all institutional shareholders, with a market value of less than $1 billion.In other words, among the top ten companies in the world by market value, pioneer group ranks first in the shareholding proportion of seven of them. Although it does not hold a lot of shares in Berkshire Hathaway, it is Buffett's territory after all. It is quite a bull's ratio to occupy 0.2% of institutional shares.As for the remaining two companies, they are all Huaxia companies, and pioneer group does not hold shares.The market value of the shares of the eight top ten companies in the world held by pioneer group alone exceeds US $310 billion!In addition, pioneer group also controls the shares of many influential old companies.Wal Mart, which often occupies the top of the Fortune 500, holds 4.16% of its shares and ranks first in institutional shareholding. Although GM has been lonely, at least it is also one of the top 20 Fortune 500 companies, and pioneer group occupies the largest shareholder of GM with a shareholding ratio of 6.42%**** As a famous bank in the United States, pioneer group is still its largest shareholder with a shareholding ratio of 7.47%.Also, like Citibank, the largest bank in the United States, pioneer group still firmly holds the largest shareholder position of the bank with a shareholding ratio of 7.1%; ATT, that is, at & T, pioneer group occupies the first shareholder position of the largest communication company in the United States with a shareholding ratio of 7.24%; The largest shareholder of United Health Group is also pioneer group, which accounts for 7.04% of the shares of United Health Group!PS: all the above data are true, not blind...These are some big companies that we are familiar with. Pioneer group has participated in the shareholding of those companies that are not well-known but have very strong strength.From the emerging IT industry to the ancient banking, automobile, insurance, communication and energy industries... The companies invested by pioneer group cover almost all industries in the United States, and pioneer group holds a large proportion of shares in these companies and has an important voice in these companies.It's OK for one or two companies to say, but after pioneer group has become the main investor of so many companies, the meaning represented by pioneer group is very unusual. To make no exaggeration, the influence of the US president in these large companies is not as big as that of the pioneer group!This shows how terrible the pioneer group is!In contrast, hedge funds such as quantum funds and tiger funds are gross! Although these hedge funds are famous, in fact, when they charge in front, the huge international hot money who eat meat and soup behind them is the biggest winner. Among these international hot money, the real big head is these investment custody institutions with terrorist energy, such as pioneer group, such as BlackRock group, such as Blackstone FundHowever, the market value of such a company with huge voice is incredibly small. According to its current share price, the market value of the world's second-largest investment fund itself is only less than $600 millionIn fact, such a famous pioneer group is not a collection of international hot money, but the fund has won nearly $4 trillion in custody assets with a market value of less than $600 million, which is enough to prove how terrible the efficiency and reputation of pioneer group are.Why should Yang Jing let go of such a great investment fund in the future?Taking vanguard group directly is a very easy thing for Yang Jing. Vanguard group, which has just developed for more than ten years, is not the Big Mac of future generations. Now vanguard group is still very young. Yang Jing can swallow this investment custodian, which is still called Xianfeng fund, with his fingers.However, Yang Jing did not swallow the mind of pioneer group. Instead of swallowing it, let it stand in front. Whether KY fund or six other offshore companies can become partners of pioneer group, and then quietly eating meat behind pioneer group is the best operation.When making plans before, Yang Jing forgot this investment institution that people talk about in future generations, but it's not too late to remember now. It's just cooperation. Do it! Why not?However, it still needs to be carefully discussed if we want to reap the maximum benefits from this future partner in the stock disaster and even various black swan markets in the financial market in the future. At the same time, Yang Jing also found that some of the plans she made at the beginning of the year seemed a little too conservative, and the gains made by Henry Williams and David Anderson in the bull market in the U.S. stock market in the first half of this year exceeded her expectations. Yang Jing felt that she should change some of the previous plans.So after talking to David Anderson for a while, Yang Jing called together Mike Allah, Henry Williams, Amanda Petrus and Cesar."Boss, in the past eight months, excluding the stocks we purchased at the beginning of the year, the total income of our Dragon Fund has reached US $18.8 billion. This is because it involves the securities and exchange law and regulation 144 For this reason, the shares of major companies we have acquired in the market, except Berkshire Hathaway, do not hold more than 5%. The specific situation is as follows: we currently hold 4.78% of Microsoft's shares, 1.24% of Alcoa's shares, 1.3% of GM's shares and 1.41% of Citibank's shares... "As the chief financial officer of the Dragon Fund, Amanda Petrus controls the capital operation of the whole Dragon Fund. The figures from the strong woman are the most real capital and assets of the Dragon Fund at present. These situations can be proved by the other two CFOs recruited into the Dragon Fund together with Amanda Petrus.Although the two financial directors are under Amanda Petrus, they are mainly responsible for supervision, so their power is also great. They are also directly responsible to Yang Jing.In this time and space, Yang Jing is a person from the future. Thanks to the information explosion in the future, he knows the financial market in this time and space best, so he made a series of investment plans at the beginning of the year.It's just that the of US stocks in the past six months is really too cow. The cow makes Yang Jing's plan a little backward.For example, at that time, he made a plan to buy the stocks of major companies with us $5 billion, and then use the remaining US $7 billion to hype the US stock index and buy stocks that can be reduced at any time.In other words, the $5 billion that David Anderson controls is used to buy real estate, while the $7 billion that Henry Williams controls together with David Anderson is used to make speculative money.From the beginning of 1987 to October, the U.S. stock market was bullish and made a lot of money without taking advantage of this good opportunity. I'm really sorry for the big bull market that has been difficult to meet in recent decades.Therefore, Henry Williams and David Anderson used these 7 billion US dollars to make speculative investments in the past half a year, and earned more than 10 billion US dollars in net profits in the stock index alone.As for stocks, the two of them bought especially. Except that the stocks of those companies that Yang Jing asked to buy were purchased with the $5 billion, the other funds were used to buy the stocks of many companies.The stocks of these companies are to be abandoned around October, and these stocks are also rising wildly driven by the investment of a large amount of funds from the Dragon Fund, which makes the Dragon Fund earn a lot of benefits on these stocks.Only because it is limited to the securities and Exchange Act and regulation 144 of the United States, the shareholding ratio of these stocks can not exceed 5%. Otherwise, there is not only a lock-in period of up to two years, but also a lot of restrictions when reducing their holdings.Precisely because of this, the proportion of shares invested by the Dragon Fund to make money did not exceed 5%.As for companies that want to hold shares, such as Microsoft, * * * * and Citibank, it is because it is really difficult to acquire shares in the market, so there has been no large-scale acquisition of shares of these companies.However, it doesn't matter. The shareholding ratio exceeds 1%, which is also an important shareholder for these large companies. As long as the stock disaster broke out on October 19, the Dragon Fund can turn around to buy back the shares of these companies in the name of stock repurchase in the name of partner of pioneer group and with the huge funds earned from the U.S. stock index and other U.S. stocks in the first half of the year!This is the so-called "supporting war by war".This was originally a strategic policy formulated by Yang Jing at the beginning of the year. Now, from the operation of this half year, the actual results have far exceeded the plan, so Yang Jing thinks she should be more bold
