The industry believes that the gradual entry of these funds into the market is expected to boost the spring market in the coming year. So is it a good choice to buy a new fund at the current point? How to choose a new fund with more potential? Bian Xiao sorted out how to choose a new fund at the end of this year for your reference. I hope everyone will gain something in the reading process!
Star fund managers have shot.
Since the beginning of this year, the ability of star fund managers to bring goods has been fully affirmed by the market, and explosive products have appeared frequently. Although the market fluctuated at the end of the year, the enthusiasm of capital for idolization rose instead of falling.
This week, 43 funds joined the new team, and equity funds accounted for half of the country. Many star fund managers even "group" to attract gold. For example, Wu Chuanyan, deputy general manager of Hongde Fund, who is about to become the hybrid fund manager of Hongde Zhuo Yuan. As a veteran in the industry, Wu Chuanyan is famous for her long-term and steady performance, and the issuance seems to be "stress-free": in anticipation of the possible hot sale of the fund, her products even directly announced that she would set a subscription ceiling of 654.38+10,000 yuan for each investor and a fundraising ceiling of 5 billion yuan for the total scale.
Coincidentally, among the star fund managers who "broke into" the year-end issuance market this week, He Guang, the general manager of the Great Wall Fund Research Department, who is about to become the manager of the Great Wall Quality Growth Hybrid Fund, and Tan Li, the director of harvest fund Value Style Investment, who is about to manage Harvest Evergreen Hybrid Fund. The "golden war" is in full swing.
Buy "old" or "new"
The following aspects can be considered:
1. In terms of liquidity, open-end new funds generally open positions for 1 to 3 months, during which redemption applications are suspended, and liquidity is also restricted. If the market keeps rising during this period, the cost of holding positions will be higher and higher, and there will be a high position. If the market falls, there will be more and more buying.
2. In terms of flexibility, as the saying goes, "the bull market buys the old and the bear market buys the new", the new fund is more flexible than the old fund, and can make a more reasonable investment layout in the volatile market, and buy undervalued stocks in the process of opening positions, laying a good foundation for the future growth of the fund; In the bull market, the initial position of the new fund is relatively low during the opening of the position, and the bull market has risen for a while after the opening of the position, while the old fund has always maintained a certain position, so it is highly probable that it can enjoy the fruits of the market rise.
3. In terms of information disclosure, the old fund is better. When the new fund was first established, the published information was limited. If it is a new fund manager, it may not even have historical performance. The information of the old fund is open and transparent, and investors can learn more about the historical performance, investment style, position ratio, heavy stocks and positions of the fund.
If everyone thinks that it is in a period of shock, then from the perspective of new and old funds, the new fund is a good choice (the past performance cannot predict the future). The advantage of the new fund is to hold cash positions and wait for the opportunity to open positions, so the fund manager may buy and open positions on dips in the volatile market.
How to choose so many new funds?
1. Try to choose funds managed by excellent fund managers alone.
Investment is the realization of a person's cognition, and the effect may not be good if there are more people. For example, Zhu Shaoxing's growth in prosperity and prosperity and Xie Zhiyu's classification in He Run are all managed by one person.
If it is an active fund managed by many people, there may be nominal risk. It is generally recommended to look at the ranking of fund managers. If your favorite fund manager is not the first, but the first is a newcomer, then it is most likely that the surface is star manager management, but in fact it is mainly newcomer management.
The choice of fund managers mainly depends on how the old fund of the same fund manager is managed, that is to say, the new fund should be selected with reference to the old fund. For fund managers with rich experience and outstanding historical performance, they can focus on it.
2. Choose a good industry theme
At present, the market style is not clear, the plate rotation is obvious, the voice of "value return and cyclical rise" in the market is getting stronger and stronger, and the valuation of food and beverage, biomedicine and some science and technology sectors is on the high side. We'd better choose a balanced configuration and don't recommend limiting ourselves to simple consumption or medical topics.
For the current hot topics, due to the short timeliness, it is often only half a year or a year, which leads to the long-term income, and often cools down quickly after this vent. So try to avoid being obsessed with buying new funds with hot topics. Such funds can't last long, and there can't be a positive and stable growth in income.
3. Look at the basic information of the new fund.
Such as product performance comparison benchmark, various expenses, etc. Take the information of "product performance comparison benchmark" as an example, many investors will ignore it, but in fact, performance comparison benchmark is the embodiment of a fund's investment goal and also reflects the fund's investment direction and strategy. For example, the benchmark of "Huaxia Technology Frontier opens six months later" is "CSI 500 Index yield 65%+ China Bond Composite Index yield 20%+ CSI Hong Kong Stock Connect Composite Index yield 15%".
When choosing a new fund, it is suggested to look not only at the size of the fund company, but also at the past performance of the fund manager, especially whether the fund manager has the ability to cross the bull and bear markets. At the same time, we should also consider the field and direction of fund investment and the positioning of fund managers, and don't blindly follow suit.
In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.
From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.
All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.
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