How are the fund operations in the first three quarters? There is a gap of 120percent between the first and last income of the ranking!

category:Finance
 How are the fund operations in the first three quarters? There is a gap of 120percent between the first and last income of the ranking!


Since September, most of the major A-share indexes have been adjusted. The small and medium-sized composite index and Shenzhen composite index have fallen by more than 6%, while the gem index and Shanghai composite index have fallen by more than 5%. However, public funds in the first three quarters still delivered a satisfactory report card, more than 98% of the active equity funds achieved positive returns.

Wind data shows that as of September 30, the average yield of active equity funds (including hybrid and stock funds; excluding the newly established funds and graded funds this year, only the master Fund) in the first three quarters of this year has reached 27%; if the index funds with passive investment are excluded, the annual yield of active equity funds has reached 29%, which is significantly higher than that of Shanghai and Shenzhen 300, small and medium board composite index and Shenzhen Composite Index in the same period Field index performance.

Among them, the minimum position in 60% of the partial stock hybrid fund, the average return is more than 37%, while the minimum position in 80% of the ordinary stock fund average yield is more than 38%.

Compared with the end of August, the yield of active equity funds in the first three quarters has narrowed significantly, and the funds with double returns also disappeared. In addition, the ranking of the funds has changed greatly, before the Great Wall environmental protection theme Fund ranked first with double income at the end of August; at the end of September, the high-end manufacturing fund of Guangfa jumped to the first place. In addition, the first three quarters return rate of four active equity funds, such as the Great Wall environmental protection theme mix and the selected mixed level of Agricultural Bank research, exceeded 90%, and 10 funds increased by more than 80%.

The market style has changed and the pattern of fund returns has also been significantly adjusted. In the previous half year, the dominating pharmaceutical theme funds retreated significantly in the third quarter, and only the four pharmaceutical theme funds, including medical and health care industry mix, investment promotion medicine and health industry, Cinda Aoyin Health China hybrid and RONGTONG health industry flexible allocation and mixing, entered the top 20 in terms of yield. However, due to the large profits accumulated in the early stage, the top funds in the first three quarters of this year are still science and technology, medicine, consumer funds and so on.

Five funds fell more than 10%

While some active equity funds have made a lot of profits, there are also many fund returns that are negative, and 7% of the funds have lost the Shanghai stock index. E company reporter noted that compared with the end of the second quarter, the number of negative income funds decreased by 65%, only less than 60.

To be specific, the losses of five funds, including huashanghui No.1, Zheshang Hong Kong stock connect China expected high dividend a, Qianhai top 50 dividend yield, Huian asset rotation and Changan industry selection a, all suffered losses of more than 10%. Among them, the return rate of No.1 of Chinese merchants was the bottom, and compared with the high-end manufacturing fund of Guangfa, the difference between the first and last fund returns was nearly 120%.

Among the five funds mentioned above, only Changan industry select fund a invests in a shares. The fund was established in May 2014, with a yield of - 10.2% since this year, and the fund manager is Lin Zhongjing. According to the data at the end of the second quarter, the fund focused on financial, real estate, computer and other sectors, with Xinwei communications, Gemdale group, China software and Ningbo bank as its top four heavy positions.

In terms of classification, the top 50 of Qianhai open source dividend rate in common stock funds are at the bottom of the yield of -11.07%. In addition, the return rate of Jingshun Great Wall quantitative Hong Kong stock exchange, Fuguo Hong Kong Stock Exchange quantitative selection and HSBC Jinxin Hong Kong Stock Exchange selected fund is also negative.

Among the A-share funds, Haifutong advanced manufacturing a ranked last with a yield of 5.1%, while the return rate of the fund at the end of the second quarter was still 6.1%. Since the third quarter, most of the funds positions have undergone a major adjustment, with an average decline of more than 10%. From the perspective of position in the second quarter, the fund held 29 stocks, focusing on electronics, computer and other sectors; among them, Jinshan office, Chengmai technology and Zhongfu information ranked among the top three of the top 10 heavy positions of Haifutong advanced manufacturing a, and their positions accounted for more than 9% of the net value of the fund. Lets take a look at the partial stock hybrid fund. Huabao Hong Kong stock connect Hong Kong Fund ranked last with a yield of -2.37. In addition, the return of rich countrys low-carbon environmental protection and Wanjia select fund was also negative in the third quarter of this year, but the loss narrowed compared with the end of the second quarter. From the perspective of industry allocation, rich countrys key position in low-carbon and environmental protection is bank shares, while Wanjia selection is heavily in real estate stocks. Source of this article: Yang Qian, official micro editor of E Company_ NF4425

Among the A-share funds, Haifutong advanced manufacturing a ranked last with a yield of 5.1%, while the return rate of the fund at the end of the second quarter was still 6.1%. Since the third quarter, most of the funds positions have undergone a major adjustment, with an average decline of more than 10%.

From the perspective of position in the second quarter, the fund held 29 stocks, focusing on electronics, computer and other sectors; among them, Jinshan office, Chengmai technology and Zhongfu information ranked among the top three of the top 10 heavy positions of Haifutong advanced manufacturing a, and their positions accounted for more than 9% of the net value of the fund.

Lets take a look at the partial stock hybrid fund. Huabao Hong Kong stock connect Hong Kong Fund ranked last with a yield of -2.37. In addition, the return of rich countrys low-carbon environmental protection and Wanjia select fund was also negative in the third quarter of this year, but the loss narrowed compared with the end of the second quarter. From the perspective of industry allocation, rich countrys key position in low-carbon and environmental protection is bank shares, while Wanjia selection is heavily in real estate stocks.