In The First Quarter, The Public Offering Ranked The Magic Face: The Fund Of Science And Technology Fell Off The Medical Fund.

In the unpredictable first quarter, the A share market is like a roller coaster, and the fund's performance is also very magical. Before the turn of the March 6th round, the performance of science and technology funds has not seen two.

But in March science and technology funds opened up a sharp decline, and fell more than 10%. After that, pharmaceutical funds squeezed technology funds to succeed in the first quarter.

It is worth noting that in the "roller coaster" market, some of last year's Blue Chip Fund and star fund also changed in the first quarter of this year.

In fact, the fund's performance differentiation was very serious in the first quarter of this year, and the difference between the first and the end was 84%. The biggest increase in medical fund was more than 27%, while the largest drop in QDII, especially oil and gas fund, was more than 56%.

Overall, according to Wind statistics, as of March 30th, 244 funds (A/C/E category statistics, the same below) received more than 10% returns this year, and 5807 funds made positive gains, accounting for 63% of the total.

Since the beginning of this year, 244 funds (A/C/E class statistics separately, the same below) have received more than 10% returns, and 5807 funds have achieved positive returns, accounting for 63% of the total.

Wind statistics show that the face of equity open-end funds is quite serious. Before March 5th, the average return this year was 8.41%. By March 30th, the average yield had dropped to -3.31%. The decline is more than 10%.

Changes in performance

A shares are quite unexpected this year.

As of March 30th, the Shanghai stock index, Shenzhen stock index and gem index of the A share index rose three, -9.9%, -5.04% and 3.47% respectively this year.

In February 3rd, the first trading day of the rat year, the three major indexes of A shares plunged, the Shanghai stock index fell 7.72%, the Shenzhen composite index fell 8.45%, and the gem index fell 6.85%. But on the second day, A shares entered a stage of retaliatory rebound. By March 5th, the three indexes rose 0.71%, 12.27% and 22.88% respectively this year.

In March 6th, it turned into a turning point. After that, the external market entered a skyrocketing and plunging mode. The US stock market had 10 days and 4 fuses, and the global stock market was in turmoil. Although A shares are far better than the US stock market, there has also been a big drop. The three indexes have fallen by 8.78%, 13.82% and 14.24% respectively.

In March 6th, the fund's performance also began to change.

Wind data show that as of March 5th, the average yield of the public offering fund was 5.26% this year. Almost all of the performance funds were occupied by science and technology funds, such as Hua Runyuan's big information media technology 41.78%, Galaxy innovation growth 41.09%, Wanjia new kinetic energy A40.52%, semiconductor 39.29%, 10000 preferred 38.81%, semiconductor 50 37.33%, and Guo Lian technology power 36.84%......

However, from March 6th to March 30th, all of the top scientific and technological funds fell by over 10%. For example, before the performance of the first and second Huarun yuan information media technology fell 14.49%, Galaxy innovation growth fell 17.68%.

Since then, the list of funds has changed dramatically, and technology funds have fallen from the head to the second tier. The rise is medical funds.

Among them, the best performance is the enjoyment of Chinese music, which has reached 27.48% this year. According to the four seasons report of the fund in 2019, the main layout of Le Pu medical, Shandong medicine glass, Hai Pu Rui, Kyushu Tong, Kyushu pharmaceutical.

Closely followed by ICBC Credit Suisse frontiers, ICBC Credit Suisse pension industry, ICBC Credit Suisse medical health, Wanjia new economic kinetic energy, CITIC investment and health care reform, Huafu growth trend, ten thousand industry optimization, Baoying medical health, Shanghai Hongshen, Chuang Jin and Xin medical health care industry, GF new economy, rich country precision medical care, Hua Runyuan information media technology and so on, this year's returns are super. Over 20%.

The latter half of the race is the key to the success of the health medicine fund. Most of these funds have fallen by less than 5% since March 6th, while the technology fund has dropped by 10%-20%. For example, in the top three, the enjoyment of Chinese music fell 4.97%, ICBC Credit Suisse cutting-edge health care fell 1.97%, and ICBC's Credit Suisse pension industry fell 1.79%.

Wind data show that since March 6th, the 28 world class index dropped, the biggest decline was the electronics and computer industry, with a decrease of 21.67% and 17.31% respectively. This has caused great changes in the performance of technology funds.

Since March 6th, the smallest decline in the industry index has been in the trade, medicine and health sectors, with a decrease of -4.03% and -5.85% respectively. In fact, the medical and health industry has been doing well in the epidemic. This also makes the total performance of pharmaceutical fund in the first quarter come back.

The bottom of this year's performance is oil and gas QDII fund.

At the beginning of this year, the QDII performance of oil and gas was not very good, which was constrained by the weak demand for crude oil, and the impact of the epidemic since then, the international crude oil prices fell.

The dividing line of the performance of the oil and gas fund began in March 6th. On the same day, Saudi Arabia and Russia, the major oil producing countries, failed to reach a consensus on further reduction in production, and international oil prices plummeted.

And the sharp fall in international oil prices also spread to oil funds. In March 5th, the cumulative net worth growth rate of Warburg oil and gas has dropped to -35.94% this year, down to -40.99% in March 6th and further down to -54.09% in March 9th. In March 30th, the latest data was -55.58%.

At present, the top ranking of the fund's decline list is basically oil and gas fund. The top three sectors are the Cathay Pacific commodity -56.49%, the Warburg standard oil and gas A dollar -56.21%, the Huabao oil and gas -55.58%.

The QDII fund accounted for the top 47 of the drop list. In addition, the fund investing in Hong Kong stocks, overseas markets and commodities is generally poor this year. This year's returns are often below -10%.

Star burst fund also changed face

What is the performance of the star fund that has attracted much attention in the market?

Reporters found that the top ranked top ranked funds last year, mainly in science and technology, the 3 quarter, a large callback of more than 10%, the same impact on their performance.

Last year, Liu Gesong won the fund's performance, the second runner up of GDI, GF, 121.69%, GF, 110.37% and Gd 106.58%. In March 30th, Wind data showed that their cumulative performance exceeded 11% this year, 11.41%, 14.15% and 12.29% respectively.

From the fourth quarter of last year's heavy positions, Liu Gesong managed these three funds to invest mainly in technology stocks. Before March 5th, the performance of the three funds exceeded 28% this year, but after March 6th, they also had a large callback, with a callback range of 13%-15%.

Another part of last year's blue chip fund lost money. Last year, the Huaan media Internet, which ranked fourth on the list of 101.70%, has lost 4.41% this year.

In addition, last year, the Blue Chip Fund's growth rate of 30 and the new momentum of the bank's economy all recorded negative returns this year, -0.81% and -0.60% respectively.

The performance also includes part of the fund. In October of last year, Xingtai and Hetai managed to sell nearly 50 billion yuan a day, raising the upper limit of 6 billion yuan, and the final effective subscription application rate was as low as 12.12%. March 30th Wind latest data show that Xingquan Hetai A returns -4.28% this year.

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