Since March, the market has opened a new round of sell-off mode, and investors’ panic has intensified. In the face of this market, how to deal with it? According to the situation learned by the reporter of Shanghai Securities News, a number of public and private institutions said that the current market has been in a state of emotional catharsis, and many blue chip stocks have been obviously killed by mistake. At present, the best strategy is to stick to the high-quality stocks with eye-catching performance and broad moat, and exchange time for space, which is expected to obtain a better return on investment in the future.
fund net worth retreated significantly
From the perspective of zhonggai Internet, which represents the growth of science and technology, the share prices of Alibaba, meituan and other companies have fallen by two-thirds compared with last year’s high; The share price of leading stock Tencent Holdings has also been halved. Track stocks such as new energy vehicles, photovoltaic and innovative drugs, which performed well in previous years, have also suffered losses recently.
The market fell sharply, and the performance of the fund was naturally poor. As of March 10, the net value of nearly 70% of active partial equity funds has decreased by more than 10% this year, and the net value of more than 300 funds has decreased by more than 20%.
“The fund I bought fell miserably. I bought the fund of many star fund managers in the middle of last year. At present, it is generally losing more than 20%, so I can’t see it anymore.” Said Xiao Li of a company in Shenzhen. According to her, after buying the fund at the beginning of last year, it fell endlessly. Although it kept replenishing positions, it did not expect that the net value of the Fund recently hit a new low. “The more you replenish positions, the more you lose. I don’t know when you can get rid of it”.
After the recent market adjustment, from the high point at the beginning of last year, the maximum withdrawal of the net value of some funds has exceeded 40%. A third-party fund salesperson in Shanghai said that if the time point of buying at the high point last year was not good, investors should be more active after the sharp decline in the current market. From the historical data, most investors who bought in the market panic got better returns afterwards.
However, from the perspective of investors’ market sentiment, due to the lack of profit-making effect, investors’ enthusiasm for the fund suddenly decreased. In the past month or so, nearly 40 funds have issued an announcement to extend the raising period.
the key is to select the right high-quality target
From the recent operation of the institution, firmly holding blue chip stocks is the main coping strategy of senior fund managers.
“At the end of last year, I reduced some positions and added them back in the recent market crash. At present, the key is to choose the right high-quality target.” A public fund manager in South China said that in the market of emotional catharsis, although it seems that there are great fluctuations, it seems that band operation can be carried out. In fact, it is difficult to grasp and has no operability at all. “If you have enough energy when you are young and the fund scale is small, you may be able to earn some alpha income through trading. Now the fund scale is large, choosing the right blue chip stocks is the most important.”
How to grasp the blue chip stocks? From what the reporter learned, we mainly focus on the following aspects: first, performance, that is, listed companies must have real profits or clear expectations of profits; Secondly, the competitive position of listed companies must have a broad moat, such as familiar brands, which can continue the profits; Finally, the prosperity of the industry. We should choose industries with high prosperity for layout.
From the recent market performance, companies with better than expected performance, broad moat and high prosperity have relatively good stock price performance. From the perspective of large market capitalization companies with more sufficient market pricing, such as Inner Mongolia Yili Industrial Group Co.Ltd(600887) , Cosco Shipping Holdings Co.Ltd(601919) , Unigroup Guoxin Microelectronics Co.Ltd(002049) , Anhui Conch Cement Company Limited(600585) , the market performance has been relatively good this year.
