in the past year, topics related to fund investment have been frequently searched. As of December 20, the equity funds with the largest decline in the past week mainly include Hong Kong stock funds, medicine, biology, new energy and other theme funds. The funds with better performance mainly include media, traditional Chinese medicine, energy, chemical industry, coal and other themes.
“Since the beginning of the year, all funds have gained a little more than 2%, which is not as good as deposit yu’e Bao.” Jimin Xiao Wu told reporters that this wave of plate rotation at the end of the year made it difficult for her to allocate a number of theme funds with a little income, and then suffered a withdrawal one after another.
For many people, this winter is very difficult. Near the end of the year, the plates rotated frequently, and many funders found that the position funds were not red and turned green in a few days, so the topic of “fund fell” was sent to hot search again. The reporter of the international finance news noted that as of December 20, the equity funds with the largest decline in the past week mainly include Hong Kong stock funds, pharmaceutical, biological, new energy and other theme funds, and the funds with better performance mainly include media, traditional Chinese medicine, energy, chemical industry, coal and other themes.
Industry insiders told reporters that the market is more cautious about next year. At present, there is no definite investment direction, which seems that the plate rotation is somewhat disordered, and frequent rotation may become a normal in the future.
fund frequency hot search
Over the past year, the topic of fund investment has frequently been hot search.
Last year, today, the topic discussed by all Jimin was “what fund to buy next is the most profitable”. Everyone spared no effort to publicly share their “cherished” long-standing fund optional pool and recommend recognized fund managers to people around them. With the enthusiastic participation of many funders, public funds have created an unprecedented annual issuance share of more than 3 trillion. Star fund managers frequently break the circle, and relevant publicity posters appear intensively in the corners of residents’ daily life: Community elevators, bus stops, subway platforms, etc.
However, the enthusiasm for discussing the fund at the end of this year is in sharp contrast to the profit-making benefits last year. The topic about the fund is still frequently on the hot search, but the content is “down” and “big down”. Some netizens said on the social platform: “just bought the fund, it began to be green”, and some netizens said: “forget to close the fixed investment, and the bride price money will be lost”.
The reason why Jimin lost money as mentioned above is that the plate rotation is more frequent and the industry performance is more differentiated this year. Judging from the current market this year, the Shanghai stock index did not rise too much, East Money Information Co.Ltd(300059) data show that as of December 21, the Shanghai stock index rose from 3502 points at the beginning of the year to 3625 points, with an interval increase of 4.38%. In the past 2020 and 2019, the annual increases were 13.87% and 22.3% respectively.
Although the Shanghai stock index did not rise much, the gap between industry plates has gone out of differentiation, and the rotation between plates has become more and more frequent at the end of the year. The reporter noted that since last week, the media, coal, real estate and other sectors have led the rise.
Since last year, the popular theme fund focused on the new energy, Baijiu, Baijiu and medicine has been adjusted in recent three years. Liquor has been in a shock adjustment this year, and the most intense adjustment in medicine is in the second half of the year.
hot theme funds fell
Some Jimin who got on the bus on the social platform vented their “anger” to new energy because the net value of related theme funds fluctuated too much recently. According to the data of East Money Information Co.Ltd(300059) choice, as of December 20, the net fund value of heavy positions in the new energy industry chain had fallen to varying degrees at the end of the third quarter.
The reporter noted that for some funds with “new energy” in their names, the largest decline in net value in the past week has been close to 10%. According to the classified statistics of choice, the average net value of 214 new energy theme funds in the past week has decreased by 6.03%, and the net value of more than 150 theme funds has decreased by more than 5%.
In an interview with the international finance news, Hu Po, fund manager of private placement network, said that the high prosperity track represented by new energy and the consumption track that can usher in profit reversal are the focus of market attention next year. At present, the new energy track is too crowded as a whole. Although the long-term prosperity is very high, the short-term fluctuation may inevitably increase.
The growth of new energy theme funds during the year is not low, but there are still more funders willing to buy. It seems that hot topics have always been the direction that many funders can’t get around when selecting funds, and some funders also prefer short-term trading funds.
On December 21, 43 fund companies released the 2021 thousand times Research Report on fund managers. The report investigated 12000 fund investors. The report mentioned that irrational investment behavior still exists. When selecting the foundation, the first three elements considered by the foundation are historical income, overall asset allocation and current hot topics, reflecting the preference of chasing up and hot spots. Although about 39% of the basic people used to hold a single fund for more than one year, 35% of the basic people held it for no more than six months.
where is the main line of the market
Medicine, Baijiu and new energy are the hottest racetracks in the past three years. They are also the most frequently hammered plates at the end of this year. The funds of the three major plates are even more numerous. What are the investment opportunities of the three major theme funds in the future?
“Baijiu and new energy are representatives of consumer stocks and growth stocks respectively.” Zhao Yuanyuan, investment director of Jianhong times, told reporters that under the market environment of downward nominal interest rate and high market risk preference in the next half of the year, growth and cycle have a greater probability of obtaining excess returns.
In terms of adjustment time, Zhao Yuanyuan believes that the adjustment time of Baijiu will be longer, unless the COVID-19 control in Europe and the United States leads to a large inflow of A capital into the north capital.
Hu Po believes that Baijiu represented the consumer track has accumulated a certain rebound, if the two dip is a good opportunity for layout. Therefore, in the current situation, if the new energy and Baijiu two plates have a larger adjustment, it will be a better layout opportunity.
In terms of the subdivided fields of the new energy sector, Zhao Yuanyuan believes that the new energy vehicle industry chain may give way to vehicle intelligence next year. However, there will be opportunities for the infrastructure construction of Green TV University in new energy next year. Among them, photovoltaic and wind power are facing the selling pressure of profit taking by insurance, banks and other institutions at the end of the year and public offering at the end of the year. However, the relatively low level of nuclear power, power transmission and distribution network in the green infrastructure is not adjusting at present.
Li Kunyuan, head of the equity investment department of China Canada Fund, said that next year, we can focus on three clues: the “invisible champion” of manufacturing industry, mass consumer goods and green power investment chain.
Hu Bo also said that there are great cognitive differences in the military industry sector. The general view of the market on military stocks will change from the original cycle stocks or event concept stocks to growth stocks. Therefore, military stocks are also expected to usher in a round of market.
As the end of the year approaches, people in the industry are more cautious about the investment direction next year. At present, the market is in a plate rotation performance. Hu Po believes that the future economic uncertainty is relatively high, there is no clear direction, the plate rotation is relatively disorderly, and the heat is difficult to last. Therefore, it is necessary to wait for the confirmation of various capital problems next year before the market will further expand next year.
Zhao Yuanyuan believes that at the end of the year, in addition to the profit taking of large institutions, the market also experienced events affecting the market style, such as the reduction of reserve requirements, the expansion of finance, the substantial inflow and outflow of international hedge funds (caused by Omicron). Therefore, plate rotation becomes more and more high-frequency. In the future, with more sensitive and advanced regulation by regulators, the frequent rotation of industry style may become a normal.
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(International Finance News)
