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A Shares "Bull Market" Trader: In 2020, The Core Assets Of The Wind To Blow?

2020/1/1 16:22:00 0

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On the last trading day of 2019, A shares stood at 3000 points for the twelfth time throughout the year, ending at 3050. Looking back in 2019, stock index rose 22.30%, the biggest increase since 2014, and Shenzhen stock index and gem index rose 44.08% and 43.79% respectively.

A shares staged a "bull market". Wind data show that the average earnings of common stock and partial stock mixed funds reached 41% and 35% respectively, and the fund with the top ranking of performance ranking even doubled, of which the first income was about 122%.

Blue chip fund technology and consumption

The top ranked public fund in 2019 is a heavily loaded technology stock.

Take GF fund manager Liu Gesong as an example, the 4 funds under its control were occupied by all the public funds (except the classified funds) before December 31, 2019, and thirteenth respectively. Wind data show that as of December 31st, GF twin engine upgrade mixed with a 121.69% yield of first, ranked second GFA innovation and upgrading mixed income was 110.37%, GF diversified emerging stocks ranked 106.58% in the 106.58% yield, and the mixed growth of small and medium sized stocks ranked thirteenth in 93.19% yield.

Speaking of the way to win, Liu Gesong said there are two main points: first, choose the right direction, such as the selection of new energy industry chain, semiconductor related independent control industry chain, medical services and medical devices at the beginning of the year, and by July, the proportion of the electronics industry dominated by semiconductors has been improved. The two is the concentration of holdings. Taking the three quarterly report of 2019 fund as an example, there are 7 electronics, 2 computers and 1 medical organisms in the top ten heavy positions.

In twenty-first Century, the economic news reporter noted that Liu Gesong's GFA double upgrade, GFA innovation and upgrading, GFA, multiple emerging stocks and the growth of small and medium-sized stocks were mixed. In the end of the three quarter, there were 5 heavily loaded stocks listed on the list of heavy positions. Sheng Bang shares, China software, Yiwei Li Li, Kangtai bio and San an photoelectric were all technology stocks, and the annual gains in 2019 were 380%, 242%, 219%, 146% and 65% respectively.

In the fourth place is Hu Yibin's Huaan media Internet, which has doubled in 2019. It is the only one of the top 100 funds with a scale of more than 10 billion. Hu Yibin said that the fund focused on the field of "technological innovation", looking for opportunities for emerging industries arising from the technology cycle.

In addition to the above funds, a large number of blue chip funds which are closely followed by the growth of 30 of the bank and flexible allocation of time and money are also inclined to technology stocks.

As a matter of fact, since 2019, the electronics industry has seen the highest rise in the 28 industry index of Shen Wan, reaching 74%, of which the related semiconductor and electronic manufacturing increased by 120% and 93% respectively.

In addition, consumer stocks were also outstanding in 2019. The index of food and beverage and household electrical appliances was only 73% and 57% of the annual index of the electronics industry.

However, in 2019, Shen Wan's 28 tier one industries still had two steel and architectural decorations closely related to the real estate industry index.

2020 is still promising.

The 2019 is the big investment year. Investors generally worry that 2020 will be a small investment year?

Many fund managers said that the valuation of A shares is reasonable and the funds are neither tight nor flooded. The performance of listed companies will continue to bottom out, and overseas funds will still pour into A shares. In 2020, A shares were not pessimistic, and there were structural opportunities in the market. However, the need to select stocks should be driven by the profit growth of the invested enterprises.

Yang Delong, chief economist of Qianhai open source fund, said: "2020 is still a big year for investment. The Shanghai stock index will expand its space after rising to a 3000 point mark. The increase will be around 20%, and many stocks will have a bigger increase. However, differentiation is still an important feature in 2020, and the future stock market will focus on good stocks that can deliver on performance.

In the year of 2019, the return of the company was 94%, and its fund manager Xiao Ruijin said, "the return on equity market in 2020 still has considerable attraction. The growth industry will be one of the main lines of the market. Our most promising direction is the popularization and interpretation of 5G communication technology.

Liu Gesong said, "in general, I am not pessimistic about the market in 2020. The Shanghai composite index is at 2900 points -3000, and the probability of systemic risk in this location is relatively low. There is still room for monetary policy to relax. The profit growth rate of technology sector has not reached the best level in history. From the perspective of our micro research, the semiconductor industry chain from design, manufacture to encapsulation is in a state of high prosperity, which can last at least a year and a half. In 2020, there should be better opportunities for technology sector. "

In addition to technology assets, Liu Gesong said it would also focus on opportunities for core assets, such as medicine, new energy vehicles, and consumption.

Mao Wei, general manager of the research fund of the southern rights fund, believes that the three best investment routes in the world are consumption, technology and medicine. The biggest catalyst for technology in 2020 is 5G, such as the replacement of tides and new applications of 5G.

Yinhua's domestic demand picked up 98% in 2019, and its fund manager, Liu Hui, general manager of Yinhua Fund Industry Value Investment Department, believes that A shares will continue to be divided in 2020, but investment opportunities will be more abundant than in 2019. In addition to growth industries such as electronics, computers, medicine and new energy, the value of remedial investment opportunities in finance, automobiles, household appliances and even core assets in nonferrous metals will also emerge.

 

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