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Bicycle industry to attract large number of investors

In recent years the popularity of cycling in the United States has set off a wave of wealthy, making golf enthusiasm dropped, the shift, the well-known international companies listed on the bike last year attracted many investors, portfolio managers have been The number of famous sights bike brands and parts manufacturers, the purchase of shares.

According to Reuters, the fourth quarter of 2014 the fund industry bigwigs Giant holding the 10%, with a quarter of the fund's holdings Merida increased by 11%. In addition, Dorel Group increased by 6% of the investment, Accell Group report claimed that the fund's holdings exceeded 15%.

Greatly considerable prospects

Wasatch (Wasatch) Jared Whatcott global fund manager, said: "We hope that one of the bicycle industry is able to seize investment opportunities as soon as possible", the current, Whatcott owns Giant and Merida shares. Analysts pointed out that the growing population of American cycling, attracting investors to follow. According to the National Sporting Goods Association survey released: 1/3 cycling enthusiasts nationwide household income more than 100,000 US dollars (about 625,890 yuan), compared to 10 years ago, an increase of 63%.

Riding on stage instead of golf

Sport of golf has been the most sporting American executives, but recently wealthy Americans liking the increasing popularity of the bike, on the contrary, golf is going downhill, slow development. According to Reuters, the favorite sport of the past few years the number is declining.

In 2013, the nation's 14,600 18-hole golf course in the 160 closed, according to the National Golf Foundation, an industry group, which is the eighth consecutive year of negative growth in the United States.

Wall Street executives spotted the market potential, so that the bicycle industry by including Wasatch (Wasatch), Pioneer (Vanguard) and Franklin Templeton (Franklin Templeton) and other investors of all ages, such as the United States have to buy well-known bicycle brand Cannondale , Specialized and Trek and other manufacturers stock.

Other brands on the market but also to make a success of the second half of 2014 Giant's share price soared by 23%, including a 7% rise in January 2015; the same period, up 14 percent Merida. However, until now the Canadian Dorel Group shares fell 1%, but jumped 13 percent in the past six months. In the last quarter of 2014 Accell Group's stock value increased by 14.3%.

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