The 130/30 strategy is to increase the financing position by 30% and the securities lending position by 30% based on the original 100% position, and obtain excess returns while keeping the β value unchanged. The 130/30 strategy can be short and long at the same time. Since this t

130/30 strategy is to increase the financing position by 30% and the securities lending position by 30% based on the original 100% position , and obtain excess returns while keeping the β value unchanged. The 130/30 strategy can simultaneously short-sell and long-sell on . Since this type of fund has a short position, it can obtain excess returns through short-selling stocks that are not expected to be good for . The 130/30 strategy makes full use of the leverage effect of margin trading. After adopting the 130/30 strategy, intuitive understanding can be said that 100% of the capital completes the implementation of 160% of the investment portfolio.

Case 6: An investor has 1 million funds. At this time, he is bullish on Industrial Bank (601166) and short on China Merchants Bank (600036). But at the same time, he hopes to obtain the same income as the market. How to use 130 /30 strategy? (Assuming that transaction costs and margin financing interest fees are not considered)

strategy: The investor can invest 1 million yuan to buy Industrial Bank (full position), then refinance to buy Industrial Bank with a market value of 300,000 yuan, and simultaneously lend money. Scenario of selling China Merchants Bank

with a market value of 300,000 yuan: when the index rises, China Merchants Bank rises by 20%, while Industrial Bank rises by 30%; when the index falls, China Merchants Bank falls by 20%, while Industrial Bank falls by 10%

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[Financing Rates of securities lending]

I have sorted out the rates and costs of margin trading in the market and collected statistics from 100+ listed securities companies. I have calculated the lower cost rates and focused on sharing them with readers for reference. (Note: required Please note that the reference table is the lowest rate. The specific situation will depend on the different costs and policy preferences of each securities company. There is no perfect securities company.