A股进行了3600点拔河，基金投资去向何方？ _东方财富网

概要

[A-sharesstageda3600-pointtug-of-warwhereisthefundinvestmentgoing?】SincethebeginningoftheyearA-sharesandHongKongstockshavetrendedstronglyandtheShanghaiCompositeIndexhassetanewhighinthepastfiveyearsandstagedatugofwarof3600pointsAtthesametimetheenthusiasmforfundissuancehascontinuedtoheatupandthesubscriptionscaleofEFund’scompetitiveadvantagecompaniesiscloseto240billionyuansettingarecordforpublicfundsubscriptionFacingthehotmarketconditionsmanypeoplearealsobeginningtoworryisitstillagoodtimetoinvestinfunds?(ShanghaiSecuritiesNews)

Since the beginning of the year, A-shares and Hong Kong stocks have moved strongly.The Shanghai Composite IndexIt set a new high in the past five years and staged a tug of war of 3,600 points. at the same time,Fund issuanceEnthusiasm is heating up, E Fund has a competitive advantageenterpriseThe subscription scale is close to 240 billion yuan, refreshingPublic offeringfundSubscription record.Face fierymarketMany people are also beginning to worry about the market.investmentFundedHershey’sMachine?

Looking back at the past, we can find that the Shanghai Composite Index has moved differently every time it crosses 3,600 points.But there is one data worth paying attention to: partial stocks during this periodHybrid fundBoth have good performance.

Taking January 22, 2018 as an example, the Shanghai Composite Index was 3,501.36 points on that day. As of January 21, 2021, the Shanghai Composite Index rose only 3.82%, but it was partialHybridThe fund’s increase was as high as 83.57%.

Looking into the future from the current point in time, can active equity funds continue to have high returns in the past? Should investors choose to settle for security?Li Jinwen, the proposed fund manager of Southern Ingenuity, believes that fromMean reversionTheoretically, continuousAnnualized rate of return50% does not conform to common sense,Fund incomeHigh probability will move towards convergence. However, in 2021, A-shares may fluctuate slowly as a whole, and the market may present more structural opportunities.Fund investmentShould be held for a long time.

　　Charlie MungerOnce said: “Avoid unnecessary transaction taxes and frictioncost. Never act for the sake of action. ” China Asset ManagementSaid that the choice of base is obviously more important than timing. Powerful fund managers can obtain excess returns relative to the broader market by grasping structural opportunities at different market stages and having a higher winning rate. Investors can completely pass these anxieties to experienced and competent senior fund managers.

For individual investors, Ye Xin, Manager of Agricultural Bank Yongle (FOF) Hybrid Fund, suggested “PositionActive, balanced structure”, give up on smallBandReturn to the main line of economic operation, try not to do it or only use a small position to do industry or theme rotation, insist on long-term investment, and ignore short-term noise and interference.

In terms of how to choose a fund,InvescoGreat Wall FundYang Ruiwen, deputy investment director of the stock investment department, gave three suggestions: First, look at the fund manager’sPositionconcentration. The excess return comes from which industry is focused on, which better reflects the strength of fund managers and is more suitable for ordinary investors. Second, observe fund managers from a longer time dimension (at least 3 years or more), and select those fund managers who can show outstanding abilities in both bull and bear markets.Third, try not to buy too many funds at a high level to avoid chasing growthKill。

(Source: Shanghai Securities News)

(Editor in charge: DF512)