In the first month of 2022, A-Shares did not show a good start. The new energy sector with more profits in the early stage took the lead in turning around and falling. With the acceleration of the centralized purchase process of medicine, the share prices of several leading pharmaceutical stocks fell significantly in January. Affected by the overall market situation, equity funds with high overall positions were “seriously injured” in January.
The interface news evaluated all equity funds from the dimensions of comprehensive rate of return, volatility, timing and stock selection, and further screened the listed funds. Excluding the funds with a total asset size of less than 50 million and established no more than one month, and excluding the rise in net value caused by non investment income, the red black list in January was sorted out.
The data show that there are 565 equity funds included in the statistics (calculated separately from a / C), and the average yield in January was – 10.36%.
Here are the top 10 funds:
Judging from the growth rate of net worth in January alone, SDIC ruiyin Hong Kong stock connect was set to open in six months, with an increase of 3.56%, ranking first. The fund’s timing ability in January was – 37.5%, far lower than – 6.7% of e fund’s financial industry, so it ranked fourth in the list. Timing ability represents the timing ability of fund managers. The larger the value, the stronger the timing ability.
SDIC ruiyin Hong Kong stock connect was established on August 27, 2020. The fund manager is Liu Yang. Since its establishment, the return rate has been – 12.73%. By the end of 2021, the fund scale was 851 million yuan. Why can it stand out from the general decline? This is related to the position of Hong Kong stocks allocated by the fund. According to the fourth quarter report last year, the top ten heavy positions of the fund are the general standard of Hong Kong stocks, accounting for 60.66%.
E fund financial industry, which ranks first in the comprehensive ranking, was established on May 7, 2020. The fund manager is Lin gaobang. The net value growth rate in January was – 0.64%, and the return rate since its establishment was 29.21%. As a theme fund mainly invested in the financial industry, the fund increased the allocation of securities companies and property insurance stocks in the fourth quarter and reduced its positions in banks.
CCB security, which ranked second, is an old fund established on July 29, 2015. The fund manager is Wang Dongjie, and the return rate of the fund since its establishment is 217.2%. In January, the net value of the fund increased by – 2.07%. By the end of 2021, the fund scale was 272 million yuan. However, as an industry fund investing in the theme of big security, in the fourth quarter of last year, the positions of the fund included Poly Developments And Holdings Group Co.Ltd(600048) (600048. SH), Industrial And Commercial Bank Of China Limited(601398) (601398. SH), Contemporary Amperex Technology Co.Limited(300750) (300750. SZ), Kweichow Moutai Co.Ltd(600519) (600519. SH), etc. In this regard, the fund manager explained in the quarterly report that “the big security field includes food security, information security, economic security, homeland security, energy security and other aspects”.
CCB’s leading enterprises ranked third. This fund, established in January 2018, had a scale of only 120 million yuan by the end of 2021. In January, the net value of the fund increased by – 4.13%. From the perspective of yield alone, CCB’s leading enterprises rank lower. However, its time selection ability in January was as high as 23.62%, so its comprehensive ranking was relatively high. From the perspective of position, the fund made a large-scale position adjustment and stock exchange in the fourth quarter of last year, adding Kweichow Moutai Co.Ltd(600519) (600519. SH), Wuliangye Yibin Co.Ltd(000858) (000858. SZ), China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) (001979. SZ), Luzhou Laojiao Co.Ltd(000568) (000568. SZ) and other stocks.
Here are the bottom 10 funds:
On the whole, among the 10 funds on the black list, 8 are medical and health theme funds, followed by e fund medicine and biology, Minsheng Jiayin medical and health, Golden Eagle medical and health industry, southern pharmaceutical innovation, CICC new medicine, Penghua medical and health care, Qianhai open source public health theme selection, and CNOOC medical and health care.
Ranked second to last in the comprehensive ranking is the southern industry smart selection managed by Xiao Jiaqian. This fund is registered from the original Southern modern education. On October 12, 2021, the CSRC approved the transformation of the fund. On December 28, 2021, the fund was renamed as smart election of southern industry, and the investment scope was widened to all A-Shares and Hong Kong shares.
By the end of 2021, the fund scale was 540 million yuan. Compared with the third quarter of last year, the transformed southern industry Zhixuan carried out a large-scale position adjustment and stock exchange in the fourth quarter of last year. Nine of the top ten heavy positions were exchanged, Montage Technology Co.Ltd(688008) (688008. SH), Eve Energy Co.Ltd(300014) (300014. SZ), Goertek Inc(002241) (002241. SZ), Nanjing Chervon Auto Precision Technology Co.Ltd(603982) (603982. SH), etc. In this regard, the fund manager said that he would change his investment thinking, conduct bottom-up company mining, and focus on selecting companies with reasonable valuation and improved profitability from the industry volume.
the pharmaceutical sector fell one after another. What do fund managers think?
In this regard, Jiang xiulei, manager of RONGTONG medical care fund, said that in 2022, the focus of investment is still on the structural industry trend of the pharmaceutical industry: first, the vaccine industry chain and covid-19 drug industry chain that play a core role in the follow-up epidemic prevention and control; Second, long-term optimistic about the direction of import substitution, including medical equipment and scientific services; Third, a high-profile and sustainable industrial chain of innovative drugs and innovative outsourcing services.
Zou Xi, deputy general manager of RONGTONG fund, said that looking forward to 2022, he still believes in the power of long-term structural industrial trend, believes that China’s economy will return to the track of stable operation after experiencing the test of epidemic and regulatory policies, and human urbanization will become a new driving force for economic growth. After experiencing the severe downward pressure test of the real estate market, the core assets in the cycle will show the stability of profit growth again, and then obtain the opportunity of value revaluation.
