First, a good investment theme should have reasonable investment logic, growth and data support. Second, the strategy of the theme fund itself should be flexible, because most themes will change with time. Third, the strategy and investment scope of theme funds are not easy to be too broad, otherwise this product will have no characteristics compared with other low-cost products or all-market products with similar themes. Fourth, consider the popularity of the theme and the timing of configuration, such as how long this theme trend is expected to last? How long is your investment period? Fifth, make sure that you really understand the risk-return characteristics of the products you invest in, and fully understand the risk points behind the theme and the main growth drivers. Sixth, pay attention to how funds invest around this theme. The same theme, different funds adopt different strategies and allocation methods, and the fund's income performance is also different.
Select active or passive type.
Active products: Active managed theme funds are usually more flexible in investment strategy and target selection. Fund managers can strengthen their positions through adjustment, and use a series of data and analysis tools to guide the decision-making of stock selection and weight. In addition, active funds can better explore early investment opportunities, but the historical performance of active funds does not mean that active management fund managers can obtain higher returns for investors on the basis of the above advantages, and they are not dominant in terms of rates.
Passive products: passive funds have low rates, relatively stable positions and very transparent operation, which is more conducive to investors' tracking. Most passive products passively adjust stocks and weights according to the index, but the development and deduction speed of theme and trend investment is often very fast, and too slow index adjustment will also lead to the loss of investment opportunities.
Risk-return characteristics of theme funds
1. Most funds invest in small-cap stocks. 88% of the theme funds are mainly allocated in small-cap stocks, and the risk of investing in small-cap stocks is generally higher than that of large-cap stocks.
2. Growth style is dominant. Most theme funds aim at capturing growth opportunities in specific fields, so theme funds have obvious growth preference in investment style, and more than 75% of science and technology theme funds are growth style funds. Only about 9% funds are relatively valuable in investment style, and nearly 93% of these funds invest in real economy topics including agriculture and resources.
3. It is scattered in industry and geographical distribution. Almost 90% of the theme funds are scattered in the industry, and nearly 75% of the funds are scattered in the regional allocation. Because most of the theme funds have a broad definition of the theme in the contract, the regional and industry allocation may also change with the changes of time and trends, so investors need to distinguish and track them carefully.
4. The rate is higher. Whether active or passive, the rate level of theme funds is higher than that of the whole market products, and the higher rate level will often drag down the long-term performance of funds.