Since 2022, the market has continued to adjust, and the performance of three types of funds is relatively considerable under the volatile market: QDII fund with crude oil theme leads, the performance of funds with heavy positions in energy, finance, agriculture and other value stocks is outstanding, and public REITs is out of the independent market. Insiders said that the undervalued repair market helped to increase the fund performance of heavy value stocks. The rebound of Hong Kong stocks and the expected improvement of international energy demand led to the recovery of the performance of relevant QDII funds.
value style fund stands out
Among the active partial equity funds, 10000 macro timing and multi strategy have increased by 9.97% since this year, and Huatai Bairui new financial real estate, Wanjia Xinli and Zhonghai advantage selection have also increased by more than 9% since this year. 24 (A / C shares are calculated separately) active partial equity funds have increased by more than 5% this year.
Facing the continuous adjustment of the market since this year, the products managed by some well-known fund managers have not been dragged down and achieved good excess returns. The value quality of Zhonggeng managed by Qiu Dongrong of Zhonggeng fund has been held for one year, with an increase of 7.12% this year. The fourth quarter report of the fund in 2021 shows that the fund has heavy positions in China’s offshore oil, China Coal Energy Company Limited(601898) and other stocks, as well as Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , China’s China Everbright Bank Company Limited Co.Ltd(601818) and other bank stocks. GF Multi Strategy managed by Lin Yingrui, fund manager of GF fund, has achieved a positive return of 5.67% against the market this year. According to the fourth quarter report of the fund in 2021, Lin Yingrui arranged bank stocks such as Bank Of Hangzhou Co.Ltd(600926) and undervalued sectors damaged by the epidemic, especially aviation stocks.
From the past trading week (January 26 to February 8), some funds with heavy positions in agricultural stocks performed better. Yinhua domestic demand selection managed by Liu Hui, a fund manager of Yinhua Fund who is good at agricultural stock investment, achieved a positive return of 5.55% in the past week. According to the four seasons report of the fund, the fund has heavy positions in agricultural stocks such as Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Shandong Denghai Seeds Co.Ltd(002041) . Harvest agricultural industry managed by Harvest Fund Manager Wu Yue has also gained good gains recently. Its heavy positions include Muyuan Foods Co.Ltd(002714) , Beijing Dabeinong Technology Group Co.Ltd(002385) and other agricultural stocks.
QDII fund has outstanding performance
QDII fund has performed well in the volatile market this year. On the one hand, the crude oil themed QDII fund can be described as “oil and gas” soaring, and has a strong dominance in the performance ranking of funds in the whole market. Nearly 20 funds have a yield of more than 10% since this year; On the other hand, since the beginning of this year, the Hang Seng Index has been booming, driving the performance of QDII funds with heavy positions in Hong Kong stocks to rebound. The performance of QDII funds represented by e Fund Asia selection has become a bright color in the volatile market.
According to the data, as of February 8, among the all market open-end funds, GF Dow Jones American Petroleum a dollar spot exchange managed by Ye Shuai led with a yield of 20.51%. The performance of Yizhong crude oil themed QDII fund is strong, with 16 funds (calculated separately for category A / C) yielding more than 10% this year.
The ranking of crude oil QDII fund performance echoes the recent rise of international oil prices. In the morning of February 7 Beijing time, Brent crude oil hit US $94 / barrel, a new high since October 2014.
The combination of uncertain oil supply and demand of the NORAN Fund said that the oil price index continued to improve due to the combination of uncertain oil supply and demand. From the supply side, the severe cold weather in the United States may affect the oil and gas supply in Texas. At the same time, geographical factors pushed up the price of natural gas in Europe. From the demand side, the control of epidemic prevention policies in the United States and many European countries has been relaxed, economic activities have significantly warmed up, and the demand for crude oil is expected to improve.
As of February 9, the Hang Seng Index has increased by 6.12% this year, and the QDII fund with heavy positions in Hong Kong stocks has also achieved good performance. As of February 8, among the top ranked funds, the larger e Fund Asia selection has achieved a yield of 5.31% this year. According to the fourth quarter report of the fund in 2021, Hong Kong stocks accounted for 92.2% of the net asset value of the fund. In addition, Huaxia Hang Seng ETF, Dacheng Hang Seng Index and huitianfu Hang Seng index have also achieved positive returns this year, with yields of 3.63%, 3.39% and 3.14% respectively.
In the fourth quarter report of e Fund Asia in 2021, Zhang Kun said that after the valuation digestion in 2021, the valuation of some high-quality enterprises has been attractive. In the dimension of 3 to 5 years, the growth rate of enterprise performance will be projected into its market value growth, and still holds high-quality companies with excellent business model, clear industry pattern and strong competitiveness.
public REITs out of independent market
Different from the continuous adjustment of the market, the infrastructure public offering REITs products as alternative assets have come out of an independent market recently.
The 11 public REITs currently listed have achieved positive returns this year. Wells Fargo’s first water REIT and laterite Shenzhen Yan Tian Port Holdings Co.Ltd(000088) REIT have increased significantly this year, with the secondary market rising by 39.42% and 34.87% respectively. Due to the high increase, the two public offering REITs issued suspension announcements on September 9.
Industry insiders stressed that the secondary market price of public REITs fluctuates around the asset value, and investors should pay attention to the internal value of basic assets. Although the price will deviate from the internal value of basic assets, it will return to the internal value in the long run.
