Star Fund Manager’s “Anti-epidemic”: Xinfa Fund Against the Market
The original title of 21st Century Business Herald: Star fund manager’s “anti-epidemic”: the first three trading days of the New Year’s Fund against the market to increase the position of the gold pit self-purchased funds to support the excellent performance of the fund in the year of the rat, the stock experienced a roller coaster-likeBig ups and downs.
On the first trading day of the Year of the Rat, the three major indexes-the Shanghai Composite Index, the Shenzhen Stock Exchange Index, and the ChiNext Index all fell sharply, and the closing adjustments were -7.
However, in the following two days, a retaliatory rebound occurred, and the three major indexes increased gradually within two days.
So, when the A-share market is in great turmoil, can the star fund managers who have received much attention avoid the “black swan” and wait for the bottom?
Various kinds of evidence show that star fund managers have not been able to escape the epidemic “black swan”, and the net value has generally declined. However, many star fund managers’ operations are likely not to lighten up when the A shares plunge.And some new funds that are building positions also seize the opportunity to buy on dips.
Star Fund’s “Emergence of Epidemic” record on the 3rd of February A shares plunged, even last year’s fund performance champion Liu Gezhen failed to escape the fate of performance.
In 2019, Liu Gezhen’s Guangfa Shuangqing, Guangfa’s innovation and upgrade, and Guangfa’s diversified emerging returns were 121.
6%, covering the top three performance of public equity partial funds.
The net value of the three funds mentioned above decreased by 6 on February 3.
According to the Four Seasons Report last year, Liu Ge’s three fund heavy stocks concentrated on growth stocks in the technology industry. On February 3, the three funds shrank by the same day as the GEM -6.
86% of the performance is basically the same, the position is not low.
In addition, Liu Gezhen’s newly issued two partial equity funds are also worth paying attention to. The Guangfa Technology Innovation established on December 25, 2019, is mixed with the Guangfa Technology Pioneer established on January 22, 2020 to replace explosive funds.
Among them, the confirmation ratio of the effective subscription application of Guangfa Technology Innovation was as low as less than 3.
3%, the maximum size of the first fundraising is 1 billion yuan.
The net value adjustment of GF Tech Innovation on February 3 was -6.
The decline was basically equivalent to aggravating the three crowns and runners-up. Based on this speculation, it is likely that Liu Gezhen basically completed the position opening in less than a month before the Spring Festival.
The Guangfa Technology Pioneer Hybrid was established on January 22, the day before the A-share market was closed. At present, there is no public net value, but it is speculated that it should be too late to complete the position opening, and there is a chance to make a bottom.
Despite being hit hard by the “black swan”, through the retaliatory rebound of A shares, on February 4th, Liu Gezhen’s GF Shuangqing, GF Innovation and Upgrade, GF Diversified and Emerging, and GF Technology Innovation’s net value increased.
This increase is in line with the GEM index of the day 4.
The difference of 84% is not big, and there is no obvious lightening on the position.
In addition, Huaan Media Internet (101) ranked among the top 10 fund performance last year.
70%), Yinhua domestic demand selection (100.36%), Bank of Communications grew 30 (99.
88%), new driving force for Bank of Communications economy (99.
78%), Galaxy’s innovation growth (97.
12%), Nuoan grew (95.
44%), Boshi returns flexible configuration (95.
21%), and their adjustments on February 3 were: -6.
To put it simply, 武汉夜网论坛 when the entire market plummeted, even the most outstanding foreign exchange funds last year followed the plummet without exception, with an adjustment range of -4.
72% to -8.
However, on February 4, last year’s top 10 fund performance also rebounded with the A-share rebound in net value shift, with a range of 1.
59% to 5.
Between 64%, the general performance is expected to be broader.
In the market that was hit by the epidemic, the operation of star fund managers has obviously attracted much attention.
An early fund manager who just issued an explosive fund told reporters that due to the epidemic situation, A shares opened sharply after the holiday, and the probability of public offerings to lighten up is relatively low, because public offering institutions are more rational, and they are relatively 杭州夜网论坛 calm in the face of panic, and public offerings are more important.Long-term benefits.
When the A-shares opened lower, many public funds, especially the Xinfa Foundation, bottomed.
When retail investors panic-sell, the agency instead takes over.
The head of the equity department of another large fund company said that some new funds had very low previous positions and would indeed take advantage of A-share adjustments to increase some positions.
”There must have been an increase in positions in two days.
In absolute terms, technology stocks are not pessimistic.
“A Shigekura technology stock last year, a fund manager with outstanding performance, said.
In fact, when the A-share plunged on February 3, retail investors and institutions went in reverse.
On the first trading day of the Year of the Monkey, retail investors sold off wildly, but the main forces of the three largest A-share institutions rushed to the bottom of the market: Northbound funds inflowed 22.8 billion in three days; insurance funds fell through the purchase of funds or the purchase of stocks.Buy and increase allocation; at the same time, a large number of public funds actively increase positions.
According to the China Fund Industry Association, according to incomplete statistics, as at 20:00 on February 4, 2020, 26 public fund managers stated that they had inherent funds and employee funds20.
545 billion subscriptions / subscriptions are public offerings and special account products.
Since then, a large number of fund companies have announced that they have purchased their own equity products.
This, a fund industry source told reporters that the main increase in the public offering of self-purchasing is its own outstanding funds, including new funds managed by star fund managers, and old funds with promising prospects.
Taking the Southern Fund as an example, the announcement shows that the Southern Fund has invested 45 million in inherent capital on February 4, 2020 to subscribe for Southern Information Innovation Hybrid Securities Investment Fund.
According to public information, Southern Information Innovation was established on June 19, 2019, less than one year ago. The fund managers are Mao Wei and Zheng Xiaoxi.
Among them, Mao Wei is the star fund manager of Southern Fund and the executive director of the research department. He currently manages 9 funds with a total fund size of 25.2 billion; Zheng Xiaoxi is the senior vice president of the equity research department of Southern Fund.
Southern Information Innovation mainly invests in technology stocks, with a return of 55 in half a year.
91%, annualized return reached 102%, while similar funds only 31%, its performance is much higher than similar funds.
Another example of the performance of high-performing funds is the self-purchase of Huitianfu Fund.
The announcement shows that Huitianfu Fund purchased 6 funds from 200 million yuan on February 4th, and all of these funds last year earned more than 40%. The reporter’s inspection of the data shows that for the whole of 2019, Huitianfu’s selected income was 40.
20%, Huitianfu consumer industry returns 72.
84%, Huitianfu innovative pharmaceutical return of 70.
52%, Huitianfu Mobile Internet returns 52.
46%, Huitianfu private vitality return of 53.
67%, Huitianfu consumption upgrade return is 41.