Recently, the liquor sector is dancing like an elephant, the military industry sector is booming, and new energy stocks are falling first and then rising. The heavy positions of these public funds fluctuate sharply at the end of the year. This years top active equity funds are also rising again after the high net worth of the funds, and some changes have taken place in the performance ranking.
According to wind data, as of December 29, ABC Huili industry 4.0 managed by Zhao Yi temporarily ranked first in the performance of hybrid funds with a yield of 155.74%, and also ranked first in active equity funds. He also managed three products, namely, ABC Huili new energy theme, ABC Huili research selection and ABC Huili Begonia, which are scheduled to open in three years, ranking second to fourth, with a return rate of 135% - 154%.
In addition, ICBC Credit Suisses small and medium cap growth, Nords value advantage, Nords cycle strategy and other fund returns also exceeded 120%, ranking in the forefront of the hybrid fund performance list.
In contrast, the yield of more than 150% is very close to the 171.78% growth of e-fonda emerging, the champion fund in 2015. From 2016 to 2019, the return rates of active equity fund champion are 92.1%, 56.6%, 9.87% and 121.69% respectively.
Recently, the stock market has been shaken obviously. Many top ranked funds fell about 3% on December 29, and rose again on December 30.
According to the performance of fund heavy position stocks, Ningde times was a heavy position stock of Agricultural Bank of China Huili industry 4.0 and other high-quality products. After falling 2.77% on December 29, it rose by 10.39% on December 30; Xinquan shares rose by more than 6% on December 30, and Ganfeng lithium rose by nearly 5%. According to the estimation of the third-party fund sales platform, the net value of ABC Huili industry 4.0 rose by about 3.45% on December 30.
Among the active equity funds, Guangfa high-end manufacturing managed by sun Di and Zheng chengran ranked first with a yield of 127.81%; ChuangJin Hexin industrial cycle selection and HSBC Jinxin low-carbon pioneer also had a yield of over 120%, ranking second and third among the active equity funds. The performance of the top three is very close, and the champion fund is still in suspense.
As of the close of December 30, 7 of GFs top 10 stocks in high-end manufacturing have increased by more than 2%. ChuangJin Hexin industrial cycle selection and HSBC Jinxin low-carbon pioneer hold Ningde times, and Yahua group and dangsheng technology, which are held by HSBC Jinxin low-carbon pioneer, have also increased by more than 6%. The current performance ranking may change again.
Structural market highlights
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A number of investors said that the recent liquor, new energy, military and other hot sectors have a big shock, mainly because the short-term rise of the sector is too large, and all kinds of investors have big differences on the performance growth and valuation level of the industry. Of course, it will also have a great impact on the fund performance of these sectors.
Referring to the recent performance of the market sector, a Beijing public fund manager said that liquor, new energy, photovoltaic and other sectors have increased a lot this year, and the market has been divided, so it is reasonable for the sector to fluctuate at a high level. From the perspective of prosperity, the fundamentals of the above sectors are relatively certain, and many industries are in the stage of order explosion and good performance. However, the sharp rise in the secondary market also makes the valuation of the plate high. Configuration investors hope to hold long-term value by time and high performance growth; while transaction investors hope to take short-term profits and pursue industries with higher cost performance. The investment strategies of the two types of investors in the market lead to the aggravation of the short-term market volatility and the increase of the stock price volatility.
He said that the long-term investment strategy of photovoltaic technology and new energy fund in Beijing would not change in a few days. The fourteenth five year plan sets the target of 20% non fossil energy in 2030, and it is estimated that the total gap of wind power and photovoltaic power generation in 2025 will be 142 million kwh, opening up growth space for the photovoltaic and wind power industries. In addition, with the gradual withdrawal of subsidies, the impact of policies on the volatility of the industry will be reduced, and the photovoltaic and wind power industries will enter a stable growth period in the era of affordable access to the Internet.
The technology fund manager believes that the liquidity is loose, the domestic epidemic prevention is successful, and the A-share market has recovered rapidly this year. In addition, the strong endogenous driving force of Chinas economy, the reform of the registration system in the capital market, and the transfer of residents assets to the equity market have promoted the great development of equity funds, and fund investors have also obtained a good return on investment. Wind data shows that as of December 29, the average yield of hybrid funds has reached about 40%, and more than 40 active equity funds have doubled their yield. The excess return of equity funds this year reflects the value of professional investment. This years structural market is more suitable for institutional investors with fundamental research style, such as public offering funds, who are more able to tap value from the market. But in the market general rise or the general fall condition, this kind of style is very difficult to obtain the full display Stock funds continue to enter the market, pension funds add 300 billion, 2020 fund golden age: performance promotes scale, equity products turn over, average income of bond funds is 3.27%, and convertible bond funds perform well. Source: Securities Times editor in charge: Ren Hui_ NBJ9607
The technology fund manager believes that the liquidity is loose, the domestic epidemic prevention is successful, and the A-share market has recovered rapidly this year. In addition, the strong endogenous driving force of Chinas economy, the reform of the registration system in the capital market, and the transfer of residents assets to the equity market have promoted the great development of equity funds, and fund investors have also obtained a good return on investment. Wind data shows that as of December 29, the average yield of hybrid funds has reached about 40%, and more than 40 active equity funds have doubled their yield.