This wave of A-share rebound is really violent enough, and many people have stepped into the air. With many funds rebounding by more than 50%, how about the performance of the top ten billion-level funds that are crowded with Christians?
Today, Mr. K will take you to take a look. The range of funds screened and counted in this article is active stock-oriented funds with a scale of more than 10 billion yuan . If the same fund has different shares, only category A is selected for statistics.
After preliminary screening, the overall performance of all 49 tens of billions and active stock-oriented funds is shown in the figure below.
Data source: Choice, as of 2022.06.24, excluding Class C shares
You read that right, none of these tens of billions of funds has a positive return during the year, including Dongfang New Energy Vehicle Hybrid, which has rebounded by more than 58% since April 27. This round of rebounding pioneers has no return during the year. Correct.
The 2021 champion fund manager Cui Chenlong managed the Qianhai Kaiyuan New Economy Hybrid that rebounded by 51% in this round, but the return during the year was still negative.
The worst Lion Growth has fallen by more than 26% this year, and the Galaxy Innovation Growth of this fund on the same track has also fallen by more than 23% this year!
We can use the strength of this rebound to divide these funds into three batches for characteristic analysis. The Vanguard Corps rebounded by more than 30%, the Central Army rebounded by 15%~30%, and the crane tail rebounded by 15%. %below.
Let’s take a look at the pioneers who have rebounded by more than 30% in this round. Old Christians should be familiar with them. Except for one of the E Fund’s defense industry, which is a fund for the military industry track, the rest are basically funds for the new energy track.
Data source: Choice, as of 2022.06.24
These funds rebounded sharply, but they also fell badly during the fall at the beginning of the year. The maximum drawdown exceeded 30%, and some of them exceeded 39%!
We can see that these rebounding funds are basically products with heavy positions on a single track. The rise and fall depends on the market fluctuations of the heavy positions. The risks are relatively high. If you step in the wrong rhythm, it will be miserable. Insufficient ability, it is often difficult to make money in such funds.
We all know that profits and losses come from the same source, high returns are often accompanied by high risks, and chasing hot spots, especially chasing high hot spots, is something that must not be done.
Let’s take a look again, the Chinese army with a rebound rate between 15% and 30%, as shown in the following figure:
Data source: Choice, as of 2022.06.24
We can see that in addition to some consumer and technology track-type funds, there are many well-known all-market star funds in these funds, including Fuguo Tianhui Growth managed by Zhu Shaoxing, China Europe New Blue Chip managed by Zhou Weiwen, and Zhou Xuejun managed The reform drive of Haifutong, the Xingquan Herun and Xingquan Heyi managed by Xie Zhiyu, the Xingquan business model and the new vision of the relocation management, and the Ruiyuan growth managed by Fu Pengbo, etc.
To be honest, these star fund managers have not done very well in terms of retracement control this year, especially those like Fu Pengbo, Xie Zhiyu, and housewarming. The maximum retracement this year has exceeded 30%, and the performance is relatively poor.
However, in this round of rebound, they are also slowly catching up. For these fund managers who have experienced the test of the bull and bear market, we can give them more time.
Finally, there are tens of billions of funds that have rebounded relatively backward. Except for two equity and debt balanced funds, the others are basically big star funds in the theme of medicine and consumption.
Data source: Choice, as of 2022.06.24
There are E Fund blue chips, the largest of the active-biased equity funds, the China-Europe Medical and Health Hybrid, which is the favorite to buy and buy in the pharmaceutical fund, and the products managed by Liu Yanchun, Jiao Wei, and Hu Xinwei, which are well-known in consumption.
Why are these funds not able to rebound? Because this wave of rebounding consumption and pharmaceutical performance is very general.
However, as a long cattle sector, consumption and medicine are also worth giving more time to accompany you.
There are statistics in old K’s previous articles, these two sectors can really cross the existence of bulls and bears.
According to statistics, tens of billions of funds are mainly concentrated in the five major tracks of new energy, technology, consumption, medicine, and military industry, as well as the products of balanced fund managers with excellent historical performance that have been tested by the bull and bear market.
From the perspective of long-term investment, the track-type fund has high requirements on the personal investment ability of Christian Democrats, and requires a high level of professionalism to seize the opportunity of the track-type fund.
The balanced fund managers who have been tested by the bull and bear market and have excellent historical performance may be more suitable for ordinary Christians to follow.
In any case, after all, everyone’s account has been recovering blood recently, which is a very happy thing, but everyone should not impulsively chase some track-type funds that have risen a lot.
Disclaimer: The remarks posted on this account only represent personal opinions and cannot be used as a basis for buying and selling. There are risks in the market, and investment should be cautious. The past performance of funds and fund portfolios cannot predict their future performance. Fund research, analysis and fund portfolio services do not constitute investment consulting or advisory services. Please read relevant legal documents and risk disclosure books, and make rational investments based on your own risk tolerance. #Afraid of chasing high and afraid of stepping empty, can the track fund still buy it#
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