◎ reporter Zhao Mingchao
Over the past three months, the market has bottomed out and rebounded, and the net value of active partial stock funds has also rebounded sharply. Statistics show that the net worth of nearly 400 funds has rebounded by more than 30%, with the highest rebound of more than 60%. At the same time, the flow of funds is also quietly changing, the currency ETF has been redeemed, and small and medium-sized market capitalization wide-based ETF is favored.
Active partial stock funds have a strong "blood recovery".
Among the more than 4000 active stock-biased funds, nearly 2000 funds rose by more than 20 per cent between February 6 and May 7, and nearly 2000 funds rose by more than 30 per cent, according to Choice. Among them, the largest increase in the West profit New Power Fund as high as 62.Cryptocasinonodepositbonus2022.5%, and the Great Wall Prosperity growth Fund has also increased by nearly 60%.
In addition, funds such as Western profit Strategy mix A, Morgan Stanley Digital economy mix A, Great Wall Jiujia Innovation growth mix An and other funds have all rebounded by more than 50%.
From the perspective of leading performance funds, they mainly focus on artificial intelligence, low-altitude economy and other topics. Take the booming growth mix of the Great Wall as an example, by the end of the first quarter, the top 10 major stocks of the fund include Wanfeng Aowei, Rice Information, Nari Radar, Big Dipper, Shennan Circuit, Yuanjie Technology, Cambrian, Guangzhou Airlines, Wolong Electric Drive, and Hua Heng Biology.
Some of the leading performance funds, mainly to adjust the position structure, the allocation of resources. He Qi, manager of the Western Li de New Power Hybrid Fund, said that the allocation of upstream resources, especially the precious metals industry, was gradually increased in March. "We judge that emerging industries represented by technological growth and advanced manufacturing may be one of the important main lines of the market in 2024, while resource products such as gold may also have phased opportunities." He Qi said.
From the point of view of the Western Lido New Power mixed top 10 heavy positions, by the end of the first quarter, the top 10 heavy positions of the fund included Hunan Gold, medium Tungsten High-tech, China Gold, Shengda Resources, Lao Fengxiang, Chifeng Gold, SMIC, Lixun Precision, BOE A, and TCL Technology.
The flow of funds has attracted attention.
Where to find the follow-up directionCryptocasinonodepositbonus2022? From the point of view of the flow of ETF funds, in the second quarter, the currency ETF encountered net redemptions, and equity funds received net applications, especially the wide-based ETF, which represents small and medium-sized market capitalization, is becoming a "new darling" of funds.
According to Choice estimates, since the second quarter of this year, as of May 6, the net purchase amount of stock ETF was 28.876 billion yuan, while the net outflow of currency ETF exceeded 10.336 billion yuan. From the specific subdivision direction, some small and medium-sized market capitalization related ETF get more net purchase amount.
Specifically, the net purchase amount of the South China Securities 1000ETF interval is 2.506 billion yuan, the Huaxia China Stock Exchange 1000ETF is 2.365 billion yuan, and the South China Stock 500ETF is 1.616 billion yuan. Guangfa CSC 1000ETF interval net purchase amount is also close to 1 billion yuan.
Many organizations believe that there are still many institutional opportunities to seize. Boshi Fund said that the trend of economic recovery and repair remains unchanged, the downside risk of the market is relatively small, and the market style is expected to be a dumbbell market dominated by dividends and technological growth alternately.
Wangzheng assets, which are good at grasping market trends, said that with the rebound, market confidence is gradually recovering. From the current point of view, almost all kinds of unfavorable factors have been reflected in the stock price, and more and more positive signals begin to emerge gradually. From the data disclosed in the annual report, the ability of high-quality enterprises to create free cash flow is increasing, and the enhancement of enterprise value is not fully reflected in the current stock price.
As for the specific direction of increasing positions, Wangzheng Asset said that it is mainly carried out around three directions: first, based on the quality of enterprise operation, it has increased the allocation proportion of the Internet, food and beverage, chemical and pharmaceutical industries; second, the AI industry is related to high prosperity, mainly choosing enterprises with card position advantages; and third, companies with core technology.
Hongde Fund believes that after the disclosure of the 2023 annual report and the first quarterly report of listed companies, the future period of time will focus on industries related to new quality productivity and scientific and technological innovation. At the same time, with the gradual landing of large-scale equipment renewal and consumer goods trade-in program, investment opportunities in the field of domestic demand are also worthy of attention.