The Performance Of The Public Offering Is Up To 85%.

On the evening of March 12th, the US stock market opened sharply down. In less than 5 minutes, the S & P 500 index expanded to 7%, triggering second runs this week.

This year, the stock market is changing. The international oil price has fallen by 30% and the US stock has been blown off.

In this context, fund performance has been seriously divided. According to the latest statistics, the fund achieves the best performance of 33.71%, the worst is -51.73%, and the difference between the first and the third is 85%.

"The fund that seized market theme investment opportunities and industry opportunities has received a very high return." In March 12th, an insider commented.

At this stage of the market, the next fund to achieve good performance is more difficult. How did the fund managers operate at this time?

Many fund managers interviewed by reporters are still mostly wait-and-see, and some have recently begun to reduce their positions or adjust their positions.

Blue Chip Fund

Judging from the trend of index, this year's "1 gold pit" came from the first trading day of rat year in February 3rd, and the three major indexes, Shanghai Composite Index, Shenzhen stock index and gem, were adjusted to -7.72%, -8.45% and -6.86%.

The number 2 gold pit in February 28th, the three major stock index adjustment reached -3.71%, -4.80%, -5.70%.

On the other hand, the retaliatory rebound of A shares is also inevitable: after the "1 golden pit" followed by three weeks (2020-2-4 to 24), A shares three index rose 10.36%, 20.38%, 26.07%;

On the next trading day of "No. 2 golden pit", in March 2nd, the three index of A shares rose by more than 3%.

In such a volatile market, which funds can achieve good results?

"Partial technology funds get better returns." Yang Delong, chief economist of Qianhai open source, said.

Wind data show that as of March 11th, 7 funds had more than 30% returns this year. Among them, the best performance is Huarun yuan information media technology, reaching 33.71%. Closely followed are the new A32.26% of Wanjia economy, the health of China, 32.26% of the new economy, C32.14% of the new economy of the Wanjia economy, 30.67% of Galaxy innovation and growth, 30.36% of the power of the League of nations, and the total of ETF30.13 of the League of nations.

In addition, a total of 944 funds (ACE category statistics, the same below) have returned over 10% this year, of which 128 have returned more than 20%.

The 6978 fund has achieved positive returns this year, accounting for 85% of the total number of data available in 8230.

Interviewed fund managers said that although the medium and long term optimistic about A shares, but now the bottom should be too early, because the periphery is too turbulent. Once the economic and financial system reaches a critical point, it will become reflexive and self reinforcing. Now the periphery has begun to respond to the anticipation of recession and comprehensive crisis. Of course, no conclusion can be reached at the moment. Most people are still observing that some risk preferences are low and funds will choose to leave.

However, it is noteworthy that the strong technology stocks had been callback in the past two or three weeks, especially in the semiconductor industry. For example, the total net growth rate of the semiconductor company ETF was 30.13% from March 11th to March 11th, but the net growth rate of the three weeks (from 2020-3-12 to 2020-3-12) dropped by 18.14%.

When the style is switched, how does the technology fund, or Pan Technology Fund, get good results?

"Most fund managers have chosen to keep watch, but recently some people have reduced their positions." In March 12th, a science and technology theme fund manager told reporters.

An investment science and technology oriented fund manager said, "there are not many lighten positions, because they are more optimistic about the future market, and the opportunities below 3000 are greater than risks. The impact from the external market is also gradually decreasing, and A shares have not risen for 10 years, so long as they find a good company, there is no big problem.

However, the fund manager also pointed out that although the medium and long term A shares are promising, the current position of public funds is generally high and there is no money to collect.

There are also excellent fund managers, said that at present in the warehouse, "structural adjustment will be made to stabilize and domestic demand direction."

Is there any opportunity for the performance fund?

Contrary to the situation of the blue chip fund, the loss of the performance fund is amazing even though it failed to seize the rebound period of the A shares and the investment direction is just the subject or industry that falls.

Wind data show that as of March 11th, the total net growth rate of fund performance in the last 43 years is QDII, and the 43 international QDII funds are all down by more than 13%.

Among them, the most interesting concern is that the oil and gas fund has fallen to the floor price due to the recent epic collapse in the overseas oil price market.

Huabao Standard & amp; Pu oil and gas A yuan, the biggest drop in the list, has fallen by 51.73% this year. At present, the net value of the unit is only 0.1864 yuan.

In March 9th, on the same day that the international oil price plunged 30%, the Warburg oil and gas fund as a passive index fund also fell 22% on that day. This is also the historical minimum net value of non leveraged funds in the domestic fund industry (excluding the US dollar share).

The fate of other crude oil funds is almost the same. Following the Warburg oil and gas fund, the biggest decline was also related to crude oil, with a drop of more than 30%.

Including GF Dow Jones, the US oil A fell 43.09%, Cathay Pacific commodities fell 41.32%, noan oil and gas energy fell 40.32%, Yi Fang Da crude oil C fell 39.49%, southern crude oil A fell 38.09%, harvest oil fell 38.07%, and Huaan Standard & Poor's global oil fell 34.63%.

It is worth noting that at this time, many investors entered the field of crude oil, crude oil fund has a high premium.

Crude oil field fund. Warburg oil and gas premium rate of about 40%, while the southern, harvest, Yi Fangda and other fund companies, the premium rate of its crude oil fund more than 20%. Even many oil fund foreign exchange quotas have been exhausted and the purchase is restricted.

The industry believes that the risk of crude oil fund is very large, and investors should be rationally involved in investment.

Apart from the impressive crude oil fund, the funds linked to US stocks and Hong Kong stocks are almost completely destroyed by the entire army. A large number of funds related to the Hang Seng Index, the S & P 500 index and the NASDAQ index have recorded negative returns.

Among the funds invested in A shares, many SSE 50 passive index funds have negative returns, and many consumer funds have negative returns.

However, some of these funds also have many opportunities.

Some fund managers have suggested that investors can consider configuring some consumer funds when the market is adjusted, because technology funds have gone up a lot before, and there may be a pressure of callbacks. And consumer funds, blue chip funds may have the opportunity to copy the bottom.

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