Time to write about this influencer fund. The big rise in 2021 and the online publicity with its own traffic have made investors hot about this fund and fund managers. So, as an investor who is about to choose this fund, what issues need to be considered?
1. As a macro hedge fund, the fund uses macro prediction as its portfolio investment decision. Recently, the fund’s monthly report has also been widely circulated, and investors are all amazed by the fund manager’s insight. Then, we may need to trace its macro prediction in the previous few years and the matching degree of the market environment at that time. Is the prediction often correct, or how much is the correct rate? Have you done this homework?
2. I didn’t do this homework. Although I have been tracking shallowly since 2018, I know a common sense. The correct rate of macro prediction may not be too high, which means that if it is wrong a few times, the net value of the fund It can be sideways for a long time, which we can see from the past net worth.
3. If the winning rate is low and the long-term performance of the fund is better, then the odds must be high. So we see that, for example, in 2020 and 2021, the performance explosion is strong. Then, we have to attribute the net value of the fund, that is, what money is made. The macro judgment is right, what tool is used. For example, if the commodity is judged correctly, it is a long-short strategy or a subjective trend. Furthermore, it is mainly the black who made the money, or the strong variety of varieties. For another example, the stock judgment is correct, whether to buy the zz500 index directly or buy a basket of stocks. Obviously not stock picking to make money, right?
4. Looking forward to the future, if you choose this fund, you must be prepared to make no money for at least three years, or even a long-term loss for three years (we are optimistic about the net worth falling), and during this period, whether stocks or commodities , or bonds, there are bound to be some opportunities, and you have to be prepared for contrasts. On this basis, if you have strong professional ability, you should also use the aforementioned attribution to find out where the fund manager’s circle of competence is and whether this circle of competence is suitable for the future macro and market environment. Of course, there are some topics that are not very easy to discuss here.
5. In a word, go to Shinhwa TA at the highlight of a fund. This is a loss that many investors have suffered in the past two years, and this loss has not yet been cut, so let’s look down.
There are 9 discussions on this topic in Snowball, click to view.
Snowball is an investor’s social network, and smart investors are here.
Click to download Snowball mobile client http://xueqiu.com/xz ]]>
This article is reproduced from: http://xueqiu.com/7367579930/232490958
This site is for inclusion only, and the copyright belongs to the original author.