There are still two days before the opening of A-share market in the year of the tiger. Looking forward to the future market, many fund managers said frankly that the market adjustment at the beginning of the year brought many opportunities for follow-up investment.
“At the beginning of the year, the market ‘kept falling’, which made many investors uneasy. But in my opinion, a wave of decline at the beginning of the year is not a bad thing. The more fully the risk is released, the lower the stock valuation, and the safer the position of the new fund.” A fund manager said that compared with last year, he would be more optimistic about the trend of the year of the tiger market. The investment cost performance of high-quality and good stocks is higher and easier to “hold steady”.
In addition, on the whole, the scale of equity funds established in recent three months has exceeded 300 billion yuan. Incremental funds are actively looking for market opportunities.
incremental funds queued to enter the market
Statistics show that as of January 28, the scale of new funds established in recent three months has reached 629.901 billion yuan, of which 314.269 billion yuan has poured into equity funds.
Specifically, the number of newly established equity funds reached 141, and the issuance scale reached 62.76 billion yuan; The number of newly established hybrid funds reached 240, and the issuance scale reached 251.509 billion yuan.
Due to the continuous shock and adjustment of the market since the beginning of the year, the newly established equity funds have fallen more or increased less in recent three months. According to the data, as of January 28, the net value of about 90% of the sub new funds had fallen to varying degrees. 40 sub new funds had a net loss of more than 10% since their establishment, and some sub new funds had a net loss of more than 20%.
However, the sharp fluctuation of the net value of the new fund also reflects that most funds have begun to build positions in the market adjustment. Among them, the position building speed of index funds and small-scale funds is quite rapid.
Taking YONGYING high-quality selected hybrid as an example, the establishment scale of the fund is 11 million yuan, and it began to build positions rapidly after its establishment on December 28, 2021. As of January 28, 2022, the net value of the fund has decreased by 10.71% since its establishment. At the same time, the single day performance of the fund net value of YONGYING high-quality selection mix is very close to that of the Shanghai Composite Index. The rise and fall of the fund net value on January 26, January 27 and January 28, 2022 are 0.45%, – 2.14% and – 1.37% respectively, and the corresponding rise and fall of the Shanghai composite index are 0.66%, – 1.78% and – 0.97% respectively.
E-fund CSI 500 quality growth ETF, GF CSI rare metal theme ETF and other index funds have built their positions at an amazing speed.
According to the public information, e fund CSI 500 quality growth ETF was established on December 17, 2021 and quickly established its position within seven trading days. By December 28, 2021, the stock investment proportion of the fund reached 94.66%, and was officially listed and traded on December 29, 2021; GF CSI rare metal themed ETF was established on December 15, 2021. It took only five trading days to complete the position building. By December 22, 2021, the share investment of the fund reached 98.98%, and was officially listed and traded on December 23, 2021.
Large scale sub new funds are also actively looking for opportunities in the volatile market, but the speed of position building is relatively cautious.
Taking Xingzheng global Heheng’s holding of a for three years as an example, the scale of the fund is RMB 5.597 billion. After its establishment on January 13, 2022, it built a small position. On January 14, the net value of the fund began to change, with a slight decrease of 0.01%. As of January 28, the net value of the fund was 0.9817, which shows that the fund manager is trying to build positions gradually.
how to see the future market?
For the current market, Wang Jing, chief strategic analyst of ChuangJin Hexin fund, said that A-Shares have no systemic risk, but short-term fluctuations may be inevitable. The strength and rhythm of the introduction and implementation of the steady growth policy will have a great impact on the short-term trend of the market and the expectations of investors. Overall, Wang Jing believes that after the external impact, A-Shares will usher in a recovery.
Wang Jing believes that the macro factors facing the market this year are relatively complex. A shares may fluctuate repeatedly, and the winning rate may not be high for strategies that are too optimistic or too pessimistic. In the current market environment, investors are advised to make a balanced allocation of stocks and bonds. They can enjoy their views when the market is depressed and be cautious when excited.
Specific to the industry, the fund manager of Ping An fund is optimistic about three directions before God love. First, consumption and medicine. shenai believed that the consumer industry may present structural opportunities this year, specifically in high-end beer, new consumer terminals, dairy products, catering supply chain and so on. In contrast, the current medicine is still in the process of digestion and valuation, and the whole is still slightly cautious.
second, the new energy sector, including new energy vehicles, photovoltaic and other sectors. shenai said before that the stage of tight supply and demand in the industrial chain has passed. With the gradual release of production capacity, the industrial competition pattern may intensify. The valuation of companies with good long-term competition pattern may rise significantly, but we also need to pay attention to the valuation risk.
Third, electronic components, auto parts and semiconductors. according to the analysis before shenai, the application proportion of automobile intelligent hardware will be significantly increased. With the continuous growth of the number of electric vehicles, the application proportion of relevant intellectualization will be greatly increased, which will bring opportunities for relevant companies to improve their valuation. In addition, the overseas economy is expected to continue to recover, and the demand for traditional 3C products is likely to rebound. With the landing of innovative business, new products such as AR and VR will bring new growth points, and better investment opportunities are expected in relevant fields.
