300 Billion New Fund Jiancang Competition: Many Returns Have Exceeded 10% Performance Differentiation And Looming.

Since the beginning of the year, public fund issuance has entered the fast lane.

According to the statistics reported by the economic news reporters in twenty-first Century, the total size of the newly established fund has exceeded 300 billion yuan since the end of this year, and the scale and quantity of the fund have reached a new high in the year to March 5th.

As a matter of fact, public funds have been selling well this year. Many funds have not been finalized until the deadline.

The new development fund is also rapidly setting up positions in the hot market. Data show that as of March 4th, there have been more than 10% new funds since the establishment of ten thousand scientific and technological innovation, GF technology pioneer, and China chip ETF.

Data show that the stock market has benefited from the strong rise in the stock market, since this year, the issue of equity funds fever has increased significantly. From the perspective of fund performance, the related fund performance of science and technology theme is the most outstanding, leading the whole market.

However, the differentiation of new fund performance still exists. Many new funds are still in a loss for three months since the establishment of the new fund. This is closely related to the difference of some fund's layout direction, rhythm and market trend.

New development fund strong attack

In fact, since February, the issue of public offering funds has shown a hot trend. The fund has even become the "standard" of various companies.

According to the twenty-first Century economic report reporter combing, in February, there were 13 hybrid funds, including the mix of innovation and navigation, the mixed selection of Cathay Pacific blue chips, the mixed advantages of GF, the technology driven by Yong win, and the investment in science and technology innovation. All the funds were sold out one day, and there was a mixture of Bodao and Jia Yuan.

From the scale of issuance, a total of 8 equity funds issued in February amounted to more than 5 billion yuan, of which the largest issuer of the investment fund was the largest, which was 16 billion 589 million yuan, and the issuing scale of more than 10 billion was ETF, which was 11 billion 822 million yuan.

In addition, the top 10 funds in the issue scale include Rui Yuan equilibrium value three years, Yong win technology drive, bank Schroder Reiss three years and so on.

In March, there was Xingquan's three month holding period of FOF, and the Huaan science and technology innovation fund was sold out on a single day. The former sold about 10 billion, and the latter had already raised more than 1 billion yuan in the near future.

With the launch of the technology sector since the beginning of the year, from the fund's net performance, many public funds have quickly built positions.

For example, in January 7th, ten thousand scientific and technological innovations were set up. After the establishment of the fund, the fund hit a high net value on February 21, and then declined with the adjustment of the technology sector. In January 15th and January 22nd, the credit value of Anshun three years and GF technology pioneers had been built rapidly and gained good profits.

"Although this period of time, there is a certain callback in the technology sector, but this is actually a big increase in A shares since the beginning of the year, and there is some technical adjustment pressure in itself." Southern China, a large public fund investment director said.

According to its logic, with the resumption of enterprise's resumption of labor, the driving force of A shares or from the liquidity to the fundamentals, the industry logic clear technology sector or is still an important mainline. In the medium to long term, the technology cycle is still on the upward trend. In addition, the current monetary policy is loose, and the investment opportunity will still be able to be expected.

"In February, the market fluctuated greatly, and the speed of plate rotation also accelerated. The new technology related fund of the new science and technology has rapidly increased at the beginning of the month, and the related funds have begun to adjust the shock due to the re shipment issue, basic performance support and valuation digestion demand. But in the medium and long term, the certainty of the new technology cycle is still relatively high. Under the background of globalization, the replacement of national production and the independent control space will gradually expand. Or a good opportunity to distribute in batches. Wealth securities analyst Liu Yun pointed out.

Differentiation of performance

In twenty-first Century, according to the statistics of the economic report reporters, the fund of the newly established active equity fund since the beginning of this year has received more than 10% returns from the establishment of two thousand technology innovation and GF technology pioneers.

In addition, the fund has been worth over three since the establishment of the fund, which was driven by value for 5% years.

From the early interview of fund managers, the technology preferences are basically mentioned in the style preference.

At the same time, some focus on the value of the market value, and consumption and other industries, the theme of the fund's performance is temporarily lost. At the end of last year to nearly three months since the establishment of the fund, huitianfu core assets, Penghua preferred value, CITIC and Prudential dividend selected funds and other funds since the founding of a loss of more than 2%.

For example, when a fund manager introduced the product earlier, he pointed out that the main configuration logic was to select the core assets stocks in the large cap stocks, the high dividends and anti fall attributes of the large cap stocks, and the trend that the leading enterprises are strong and strong, which will continuously enhance the investment value of the core assets.

But in contrast, the Shanghai Composite Index and the gem index ran a significant difference in February, the Shanghai Composite Index fell 3.23% in February, but the gem index rose 7.46% in February.

However, it is worth noting that although the technology cycle in the early stage is very strong, the market situation has changed recently, and some institutions have proposed the consideration of style switching.

"If the real interest rate trend downward, then we need to adjust the entire market valuation system. In the current market, the Shanghai Stock Exchange 50, Shanghai and Shenzhen 300 and other valuations are not expensive, the market is down or limited. In addition, the quality of many companies is improving, such as the competitiveness of some traditional industries because of low valuation is also worth noting. Bo time research preferred preferred fund manager Wang Jun said.

The fund also proposes the need to focus on the possibility of style switching. "After the sharp fluctuations in the market, we need to pay attention to some new plates and directions, which will benefit the infrastructure chain, real estate chain and other sectors conducive to the economic underpinning policy. Although the performance elasticity of policy on cyclical stocks is not large, it is conducive to boosting the sentiment of related stocks. Silver silver AXA fund related sources pointed out.

In addition, with the disclosure of quarterly reports of listed companies approaching, the performance will also be an important factor affecting the market.

"The certainty of the performance is still the key to the inspection of the company. At present, the technology stock has gone to the stage of higher valuation. We need to pay attention to the differentiation. The periodic report will be disclosed soon, and we should pay more attention to the medium and long-term performance stocks." Director of the rights and interests of a large public fund in Beijing told the twenty-first Century economic report.