Home » The income of many star fund managers finally turned red during the year. At the end of the year, the fund income war has entered a fierce stage. How do you choose the fund products that suit you? -Hangzhou News Center-Hangzhou Net

The income of many star fund managers finally turned red during the year. At the end of the year, the fund income war has entered a fierce stage. How do you choose the fund products that suit you? -Hangzhou News Center-Hangzhou Net

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The income of many star fund managers finally turned red during the year. At the end of the year, the fund income war has entered a fierce stage. How do you choose the fund products that suit you?

Remember the panic buying of public funds at the beginning of the year? At that time, there was a phenomenon in the market. As long as it was a fund product under the leadership of a star fund manager, regardless of investment direction or strategy, it would be robbed immediately as soon as it was put on the shelf. However, with the rapid switching of market styles in mid-February and the successive setbacks of fund group stocks, most of the investors who snapped up these popular fund products at that time had a difficult time.

The good news is that, towards the end of the year, some top-tier fund managers’ products have turned from negative to positive, achieving a counterattack. But judging from the overall performance of the whole year, the difference between the end and the end of public fund products is still huge. For investors, choosing the right fund is obviously a science.

The head fund doubled its income during the year, and the bottom loss was nearly 50%

Since the beginning of this year, the A-share market has seen a trend of differentiation, and the yields of public fund products have also shown the same distribution. In this year-end fund income war, the current leading Qianhai Kaiyuan New Economy Hybrid A and Qianhai Kaiyuan Public Utilities stocks have doubled their returns during the year. The two funds are led by fund manager Cui Chenlong, and the investment direction is the new energy that is so popular this year.

Following closely behind is Baoying Advantage Industry A managed by Chen Jinwei, whose yield has also nearly doubled since the beginning of this year; and Golden Eagle National Xinxing managed by Han Guangzhe has a yield of over 85% this year. In contrast, the Penghua Global Short-term Debt (QDII) RMB A and Penghua Global High-Yield Bond (QDII) two funds were not so lucky, with a substantial loss of more than 40% during the year. While the Bank of Communications China Securities Overseas China Internet Index and E Fund China Securities Overseas 50 ETF are connected to RMB C, these two funds targeting overseas markets also suffered a loss of more than 30% during the year.

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It is worth mentioning that since entering the fourth quarter, some top-tier fund managers who have retraced severely in the first half of the year have seized the opportunities of new energy, cyclical stocks, and large consumer markets in the A-share market with rapid rotation and rotation performance, and the yield rate is rapid. The return of blood has realized the “self-salvation” of fund products. Take the Xingquan Herun Fund managed by Xie Zhiyu as an example. In the first three quarters, the fund’s return rate was -2.82%, and its net value has risen close to 8% since October. After a recent rebound, the fund’s current return rate for the year has exceeded 4%; Xingquan Heyi A, also managed by Xie Zhiyu, has a cumulative decline of 5.36% in the first three quarters, and the rebound has also exceeded 7% since the fourth quarter. The current year’s income has doubled. Red.

GF Technology Pioneer managed by another star helmsman Liu Gesong (2019 public fund champion) has risen 5.52% since October, boosting its income during the year from -2.61% in the first three quarters to 2.22%. Another product he managed, GF Small-Cap Growth A, rose 8.6% in the past two months, which also changed the decline in the first three quarters. However, unlike the balanced helmsman, Liu Gesong is a fund manager who is partial to the track and individual stocks. He is more concentrated in stock selection and industry selection, so his performance fluctuates slightly.

When the star fund manager’s position swap is in progress

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How do investors choose suitable fund products?

The end of 2021 is approaching, and fund managers are also working hard for the final ranking battle. According to industry insiders, “the reason why fund managers value rankings is mainly because investors choose their fund products in the coming year based on their performance in the previous year. Whether it is the 2019 champion Liu Gesong or the 2020 champion Zhao It can be said that they became famous in World War I and quickly attracted tens of billions of funds. In addition, near the end of the year, fund managers will also have different considerations when choosing to adjust their positions. For example, if the top-ranked fund managers have more leading scores, Then they tend to lock in profits and sell part of their holdings; while the fund managers at the bottom tend to “boss” and will compare the funds when they adjust their positions at the end of the year. This will provide investors with information when choosing corresponding fund products. Some ideas.”

So, how do the top fund managers view the current market conditions? Cui Chenlong, the Qianhai Open Source Fund with leading yields, said that the fundamentals of major new energy subdivisions including lithium batteries and photovoltaics will continue to maintain rapid growth, and the industry still has huge room for it. In the next stage, as new energy operators begin to improve their business models, the certainty of mid- to long-term growth is relatively high. Compared with the manufacturing side, it has a lower penetration rate, stronger operating stability, and a large future development space. Therefore, it will pay attention to the medium and long-term investment opportunities of new energy operating companies.

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Regarding the issue of whether the new energy sector is overvalued, Cui Chenlong also has his own views: “I think the tolerance for valuation lies in the fact that high valuations can be digested by high growth, and will be cautious about high valuations that are difficult to digest. Consider the risk-benefit ratio.”

It should be pointed out that this year’s market has a more obvious style bias, and almost all top-ranked funds are involved in new energy. But if some investors happen to have not selected new energy, or are not sure whether new energy will continue its high performance in 2021 in 2022, how to choose a fund? The financial manager of the relevant bank in Hangzhou suggested that FOF (that is, the fund in the fund) may be a good choice. “The number of fund products on the market is very large, and it does not lose to a single stock. Some funds have a very serious homogeneity phenomenon, which brings trouble to the selection of investors. In this context, FOF funds provide more choices.”

Statistics show that among the more than 200 FOF funds on the market, only one fund’s net value has fallen during the year; even if the market is turbulent this year, more than 98% of FOF funds have achieved positive returns. The financial manager added: “FOF funds are known for their low volatility, stable returns and professional management. Investors can share more risks and obtain relatively stable returns by purchasing FOF funds.”

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